New FSI rule for real estate properties in Mumbai
The government of Mumbai has introduced the new development control regulations for the properties in Mumbai.
According to the new Floor Space Index (FSI) calculation, the balcony, flower beds, ducts, car decks, etc. will not be included in the salable floor area.
However according to builders association this decision will increase the cost of the properties in Mumbai region. As the builders are getting these areas for free from the civic body.
With the introduction of this new rule builders are not seeing any reduction in the property cost.
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Floor space index for commercial properties to be increased in Nagpur
FSI rate increase impact on realty sector
Source : Hindustan Times
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