Mumbai developers to earn less due to new DC rules!
Mumbai based developers are very much affected by the newly amended development control regulations.
After the recent amendments in DC rules, it is predicted that there might be a hike in property prices which would effect the margin of the developers.
As per the new rules, common areas like balcony, flower beds, terraces etc will come under project’s floor space index.
As a compensation, Government will allow extra 35% FSI for residential space and 20% for commercial space.
The problem that developers are going to face is that they have to shell out extra for buying additional 35% floor space index for developing the said common areas.
Source: The Economic Times
Amendments in DC rules, balcony, Commercial space, Common Areas, DC rules, Developers, Development Control Regulations, Floor Space Index, Flower beds, FSI, Mumbai, Mumbai based developers, residential space, terraces
Sir
My query is – i have already booked a flat at upper floor , for which builder is having CC to develop , does this new DC Rules will impact his development ? and my fate of buying flat. will builder ask me to pay more money for the same.