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Mumbai housing societies can obtain Occupancy Certificate till April 10

Many housing societies faced delays in obtaining OCs due to their inability to pay the premium differential amount for redevelopment

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Representational pic

Representational pic

The Maharashtra Housing and Area Development Authority (MHADA) has launched a special Amnesty Scheme to help housing societies in Mumbai and its neighbouring areas in obtaining long-pending Occupancy Certificates (OCs) for redeveloped buildings. The scheme is expected to benefit around 80 housing societies and will remain in effect until April 10.

Many housing societies faced delays in obtaining OCs due to their inability to pay the premium differential amount for redevelopment. Under the new scheme, MHADA has waived the interest on this amount, requiring societies to pay only the principal sum. Furthermore, buildings redeveloped under the 1991 Development Control Regulations will receive a 75% waiver on penalties related to unauthorised construction or usage.

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