Occupancy Certificate Defined: Completion or Relevant Certificate Authorizing Property Use per Regulation 2(1)(za) of SEBI REITs Regulations 2014.
An occupancy certificate, as defined in regulation 2(1)(za) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, refers to a completion certificate or another relevant certificate issued by the competent authority. This certificate authorizes the occupation of a property in accordance with the applicable laws currently in force.