FSI
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 [...] Continue Reading »
Subodh Kumar’s new Development Control Rules (DCR) proposals will allow developers to build an extra 25% above the sanctioned FSI in a residential project, for which they will be charged 100% premium. For commercial buildings, the BMC will allow 15% additional built-up area and charge a similarly hefty premium. In a joint statement issued exclusively [...] Continue Reading »
The new development control (DC) rules-to allow developers to build 25% over the permissible Floor Space Index (FSI) in return for a 100% premium to be paid to the Brihanmumbai Municipal Corporation (BMC)-were passed unanimously by the civic body on Wednesday, the last day for filing objections and suggestions on the DC rulesnotified by the [...] Continue Reading »
Corporators say that the change in the development control rules (DCR) and plan to do away with the civic chief’s discretionary powers and bring lift spaces, flower beds, ducts, upper-level car parking, voids and so on, under chargeable FSI, will hurt the common man. While the builders are angry that the BMC has decided to [...] Continue Reading »
Mumbai state government cleared 100% premium on the additional 25% Floor Space Index (FSI). While the premium charged on residential projects has been fixed at 100%, the premium for industrial areas will be charged at 125% while that for commercial projects will be fixed at 150%. Currently, builders are known to sell flats with added [...] Continue Reading »
For redevelopment of old properties in Pune, Pune Municipal Corporation (PMC) may propose more FSI to tackle congestion in old city areas. The details of the proposal will be incorporated in the revised Development Plan (DP) of the old city. The DP of the old city areas will lay out policies and proposals for development [...] Continue Reading »
Ahmedabad Municipal Corporation (AMC) resumed its sealing drive on Monday after a gap of one month. Civic officials sealed 156 commercial units in eight complexes between Stadium Circle and Swastik Crossroads which has seen the maximum action from the AMC. Civic officials said that the shops sealed on Monday operated from buildings which were shown [...] Continue Reading »
