What is IOD full form in real estate?
Archit27 Oct, 2023Real Estate
Full form of IOD in Real Estate is Intimation of Disapproval and it is a key authorization that is granted to the constructor by the Local officials. The Building Proposal Department of the BMC issues an IOD after receiving the company?s construction projects. The builder must also meet a number of requirements and receive a number of approvals in accordance with the IOD requirements. The builder has the right to obtain a Commencement Certificate (CC) once all of these approvals have been obtained (CC). You may now understand what IOD is in real estate.
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