FSI
To increase the redevelopment work of the damaged buildings, the BMC has come up with an improved market policy to make it productive for developers. The Brihanmumbai Municipal Corporation (BMC) will certainly levy less quality on the sale component of the project and for fungible FSI the estate department will not charge anything. The development plan department will charge [...] Continue Reading »
Mumbai- The state government has made it mandatory regarding township projects to create approximately one-fourth of the area for economic activity to boost creation of new economic hubs. Exclusive township projects usually are those when a developer is allowed to create a township as well as offers all the necessary amenities and infrastructure in a composite plot [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) is to construct a new public parking lot in Lower Parel in coming January as residents in Mumbai are facing difficulty to park their vehicle. The developers have to handover the parking lot constructed under the parking floor space index (FSI) policy revised by the state government in 2011. The parking [...] Continue Reading »
The state government offers 32 authorised public parking lots under the revised parking floor space index (FSI) policy for 30,000 vehicles in the city. Brihanmumbai Municipal Corporation (BMC) has received 70 proposals out of which 32 got government’s nod, 20 of them are located in the isle of the city and nine in the western [...] Continue Reading »
Mumbai- The Brihanmumbai Municipal Corporation (BMC) has decided to give new permits for rooftop eateries to hotels as the concept of rooftop eateries is growing. According to the new policy, the hotels which are planning to have a rooftop eating space need to follow two requirements. The first is that the terrace should be a part [...] Continue Reading »
A recent survey by broking house Karvy shows that old apartments in Mumbai have more resale value and provide better investment opportunities as compared to new properties. The survey included inspection of 65 Mumbai and suburban properties. The higher resale value attributes to redevelopment prospects of the old properties. Also the fact that new projects [...] Continue Reading »
The Mumbai Metropolitan Region Development Authority (MMRDA) eyes to ensure full utilisation of four floor space index (FSI) for its land-buyers in business hubs at the Bandra-Kurla Complex (BKC) and Wadala, so that more revenue can be earned. The MMRDA has requested the Canada-based International Civil Aviation Organisation (ICAO) to study the scope of raising [...] Continue Reading »
DLF’s Mumbai land sale deal has captured strength as three buyers are in advanced stages of negotiation. Sources said that the deal may close in the next couple of months. Three major developers including Oberoi Realty, Lodha Developers and Runwal Group are currently negotiating the deal. The deal is likely to range between Rs 2300 [...] Continue Reading »
The state government has proposed to give 2.5 floor space index (FSI) to dilapidated buildings in the Mumbai Metropolitan Region. With this decision the builders will get the chance to construct more apartments, which will definitely increase the supply of the properties in Mumbai region. The government officials have confirmed that the decision to give [...] Continue Reading »
The planning commission recently recommended to increase the floor space index (FSI) with the height of the apartments in India. The builders think to support the rising FSI, government must spend more for the supporting services like water, electricity and sewage. The builders welcome the rule as they will be able to construct more units [...] Continue Reading »
