Builders selling flats on built-up area
In the early days, buildings were sold by carpet areas. In the 1960s, buildings began to be sold by built-up area (BUA), which includes walls and some passages, but excludes lifts, staircases, common passages, flowerbeds and other non-living spaces. The built-up area counted in the floor space index (FSI) was between 10% and 20% more [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) likely to tax builders for every floor. Per-Floor Tax be introduced by the corporation in the coming days. The Brihanmumbai Municipal Corporation (BMC) may put a cost on the city’s growing skyline. The Shiv Sena has said it wants to tax developers (for every floor) as they attempt to go [...] Continue Reading »
