Project Completion Certificate

In the real-estate sector, completion of the project is a significant achievement, whether it’s a residential building, commercial space or any other infrastructure. The project is considered complete only after obtaining the Project Completion Certificate (PCC). It is a crucial document that certifies the completion of a project in compliance with the approved plans and regulations. Even if you apply for a home loan from any bank or financial institution, you must provide a Project Completion Certificate as one of the key loan documents. So if you are planning to buy a property anytime soon, here’s what you need to know about PCC, including its importance, the process of obtaining PCC, and much more.

Importance of Obtaining a Project Completion Certificate

The importance of a project completion certificate lies in the fact that it justifies the completion of the realty project. Obtaining a Project Completion Certificate (PCC) is crucial for various reasons. Firstly, it certifies that the construction has been carried out as per the approved plans and regulations. It ensures the safety and quality of the building or infrastructure. Secondly, it authenticates that the project has been completed per the terms and conditions mentioned in the builder and buyer agreement. It protects the interests of both parties involved.

Moreover, a PCC is required while applying for essential utilities like water, electricity, and gas connections. With a valid PCC, an individual can easily obtain all these connections without hassle. Additionally, a PCC is necessary while applying for loans and insurance for the property. Lenders require a PCC before disbursing a loan for a property, as it serves as proof that the property is complete and ready for occupancy.

Obtaining a PCC is essential for ensuring the safety and quality of the building or infrastructure, protecting the interests of both parties, obtaining critical utilities, and applying for loans and insurance. It is an essential legal document that certifies the completion of a project in compliance with the approved plans and regulations.

How to Obtain a Project Completion Certificate?

Obtaining a Project Completion Certificate (PCC) involves following a specific process. The steps involved are as follows:

• Completion of Construction: The first step in obtaining a PCC is completing the construction of the building or project. The developer must complete the construction following the approved plans, drawings and specifications.
• Application for Project Completion Certificate: After the completion of construction, the owner or developer of the building needs to apply to the local authority for a completion certificate. The authority is responsible for granting permission for construction in the locality that issues this certificate.
• Inspection by Authorities: Once the application for the completion certificate is made, the local authority inspects the building to ensure that the building is completed as per the approved plans and specifications.
• Compliance with Building Regulations: The building must comply with all building regulations, safety standards, and other relevant laws and regulations.
• Rectification of Defects: The owner or developer must rectify any defects or deviations from the approved plans before issuing the completion certificate.
• Issuance of Project Completion Certificate: After the building has been inspected and found to comply with all regulations; the local authority issues the project completion certificate. This certificate confirms that the construction has been completed following the approved plans and specifications.

Overall, obtaining a PCC involves ensuring that the building has been constructed in compliance with all relevant laws, regulations, and safety standards and that the builder has obtained all necessary approvals and certificates.

Documents Required For Project Completion Certificate

Documentation is the key to all major processes, and the same applies to obtaining a Project Completion Certificate. However, the documents required to obtain a PCC may vary depending on the location and authority. Here are the essential documents that remain the same around the nation:

• Lease deed/ Sales deed
• Blueprint or plan of the building
• Approval of the building plan along with the permission letter
• Receipt of water tax
• Receipt of other tax payments (if applicable)
• Paid charges receipt of Underground Drainage (UGD) connection
• Authentic receipt of paid amount towards borewell permission (if any)
• A valid receipt of the paid amount towards Electricity Cable and Road Cutting

As soon as the developer applies for a PCC, the local authority schedules a joint inspection. However, the certificate will be issued if the officials are satisfied.

Screenshot of Project Completion Certificate

For better clarity, refer to the following sample of the Project Completion Certificate.

Difference Between a Project Completion Certificate and an Occupancy Certificate?

PCC and Occupancy Certificate (OC) are essential documents in obtaining legal clearance for a building. However, they serve different purposes and are issued at different stages of the building construction process.

PCC – Project Completion Certificate

PCC is a certificate that the local authority or building inspector issues to the builder or developer. It is given when a part of the building is constructed and is ready for use. The PCC confirms that the construction is per the approved plans and that the building is safe for occupancy.

OC – Occupancy Certificate

Once the entire building is completed and deemed fit for occupancy, an Occupancy Certificate (OC) is issued by the local authority or the building inspector. The document certifies that the building has been constructed per the approved plans and complies with all building codes, regulations, and safety norms. The OC is necessary to obtain utility connections like electricity, water supply, sewage, and a home loan.

Simply put, the PCC is a certificate issued during the construction process, while the OC is issued after the completion of the building construction. The PCC certifies the completion of a part of the building, while the OC certifies the completion of the entire building and declares it fit for occupancy.

Do Lenders Ask for a Project Completion Certificate?

Most lenders require a PCC before disbursing a loan for a property. The PCC serves as proof that the property is complete and ready for occupancy. Lenders may also require documents like the building plan approval, NOC, and tax receipts before sanctioning a loan.

How to Ensure Your Property Has a Valid Project Completion Certificate?

Ask the builder or developer for the PCC if you plan to buy a property. You can also verify the validity of the PCC by checking with the local municipal corporation or authority. It is also advisable to consult a legal expert to help you verify the documents and ensure the property is free from legal disputes.

In conclusion, obtaining a Project Completion Certificate is essential to certify that a project has been completed in compliance with the approved plans and regulations. It serves as proof of the completion of the project and is required while applying for essential utilities, loans, and insurance. Ensuring the property has a valid PCC before making any related transactions is crucial.

FAQs