India, April 13 -- The Mumbai civic body, the Brihanmumbai Municipal Corporation (BMC)'s standing committee, has put its proposed amnesty scheme on hold. This scheme aims to grant long-pending occupation certificates (OCs) to housing societies in residential buildings constructed before 2016. The move follows calls from some members for simplification of the proposal and wider stakeholder consultations before proceeding.

According to members of the standing committee whom Hindustan Times Real Estate spoke with, the policy imposes several exhaustive conditions that could be difficult for housing societies to meet.

Here's a look at why the proposal matters and how property owners stand to benefit.

The BMC's proposal seeks to allow housin...