FSI rate increase impact on realty sector
The Maharashtra government recently passed on orders in concern with the mandatory payments of the premium floor space index (FSI) rates.
Even there is a major drop down in realty sales, some of the developers across states are still holding back their properties without compromising for less deal.
However, these FSI extra payments is sure to force the builder to sell his constructions which were finding for a high price and laying back from years.
Also, property buyers will be more burdened ultimately! Through this change in the FSI rates, realty transparency is sure to happen!
Realty experts say that property buyers will get to know the exact detail of carpet area of the construction.
Source: Business Standard
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