Floor space index for commercial properties to be increased in Nagpur
Urban development department issued an order to increase the floor space index for the commercial properties constructed in the non- congested area of Nagpur.
With this decision the builders now have a huge scope to build larger commercial properties.
When the Floor space index (FSI) was reduced earlier in 2010, the builders objected that decision. Further more the modification of the rule contended the builders.
However, on the other end the realty market is expecting a reduction in the property costs paving way for the builders to construct in larger premises.
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Source : The Times of India
Commercial properties, Commercial properties in nagpur, Floor Space Index, Nagpur realty market, property costs, real estate in Nagour
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