The decision comes as a major victory for various citizen groups, who have been seeking a flawless and participatory development plan (DP) for the city.
HT has been consistently reporting on the errors, which if approved will rob the city of precious amenity spaces.
The BMC made the announcements on Thursday in a meeting between civic official and representatives of 17 citizen groups.
The meeting, which was convened by standing committee chairman Rahul Shewale, was called after citizen groups reported at least 674 errors in the ELU.
The civic body has also agreed to have regular meeting with citizen groups over formulation of the new DP. The next meeting is expected to be held in March.