What is Partial Occupancy Certificate

What is a Partial Occupancy Certificate?
Partial Occupancy certificates are granted to large residential projects in part or for the part completion of the project or blocks of it. Once the specific phases of the projects are complete the local authorities like the BBMP or the BDA issues a Partial OC after due inspection of the completion of that phase. Eventually as the next phase also finishes being constructed another partial OC is issued. When the entire project is being completed the authorities issue an OC in replacement of the Partial OCs. In short the Partial OC allows the part occupancy of the project. The validity of the Partial OCs will be till the project construction is complete and the final OC is issued for the whole project. The provision of the partial OC is given as per the enactment as laid down in the bye laws of the Section 5.7 of the Bengaluru Building Bye-Laws 2003. The concept of the issuance of Partial Occupancy Certificate is not new but it is gaining more recognition as the construction of phased buildings are in to vogue more and more.
Pros and Cons of the Partial Occupancy Certificate
The Partial Occupancy Certificate can give  the developer a biggest financial advantage as before the completion of the whole project the possession of the few of the blocks can be delivered. With this one can apply for electricity, water and other connections.
But the disadvantages and the difference with an Partial Occupancy Certificate is that one can’t apply for home loans or neither can one apply for Khata Certificate as they can be issued against the OC only. In this respect the expert realtors caution the buyers that one has to see whether the occupier is given the Partial OC or the OC at the time of occupancy.