MRTP Act
The Maharashtra Government has decided to give the developers in Mumbai an opportunity to use 100 percent of basement area in an upcoming building for parking facility. This initiative has been taken by the state in an attempt to avoid the parking woes caused by the occupancy of roadside spaces by cars. Currently, only 50 [...] Continue Reading »
Floor Space Index (FSI) is the ratio of buildable area to the total area of the plot. In a bid to keep prices in check, the Mumbai state government to hike the base floor space index (FSI) in the suburbs. At present, an FSI of 1 is permitted on suburban plots. Besides this, developers are [...] Continue Reading »
