Glossary-O

Occupancy Certificate or OC

  • A certificate issued by the development authority certifying that the property is fit for occupation and all relevant works have been completed in this regard

Offer

  • Reciprocation, of an interest expressed, by means of giving concessions

Ombudsman

  • A medium via which a consumer can register his grievances

Open Space

  • A land which hasn’t witnessed any construction activities often used for recreational purpose

Ordinance

  • A law enforced by the Government

Owner

  • A person who holds the rightful ownership of the property

Ownership

  • The right to own, use and enjoy the property