Mumbai Suburban Builders Unique Norms
No Comments Sub Category:Uncategorized Posted On: Sep 15, 2011
Mr Anand Gupta, General Treasurer, Business Association of India (BAI), reported saying that the norms were set to levy over the 100 per cent premium with the prevailing market rates. The BAI, Mumbai and Suburban Residents’ Welfare and Cooperative Associations reported saying that there was a complete disparity in Development Control rules of the BrihanMumbai Municipal Corporation in redevelopment in the suburbs in the main city.
The major issue was that the suburbs had no incentive FSI and additional one FSI was to be purchased by Transfer of Development Rights (TDR). The redevelopment proposal in the Mumbai suburbs needs TDR purchase and the sanction from the municipal commissioner to gain a liability over open space requirement.
Mr D. L. Desai, Trustee, BAI- Mumbai, reported saying that the Mumbai suburban builders and the Co-operative Societies Residents Users & Welfare Association and Mumbai District Co-operative Housing Societies Federation architects were all raised over an issue in the eye of the c
Source: Indiainfo Line
Tags:
BAI, Brihanmumbai Municipal Corporation, FSI, Mumbai, Mumbai government, Transfer of Development Rights
