Branch² Intelligence
No OC For Your Mumbai Building? Decoding BMC's New Amnesty Scheme
Key takeaway
BMC amnesty scheme allows pre-2016 Mumbai buildings to obtain Occupation Certificates, unlocking property value and legal compliance.
- Step 1BMC amnesty policy allows pre-2016 buildings to obtain Occupation Certificates by paying a penalty.
- Step 2Homeowners gain legal compliance, enabling property sales, rentals, and access to bank loans against the property.
- Step 3Increased property transactions drive demand for valuation services, legal documentation, and renovation work, benefiting ancillary service providers.
Source: IN:NDTV Profit
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