proposal to bring more areas under Floor Space Index
The Maharashtra government is considering awarding higher Floor Space Index (FSI) for cluster development in Mumbai, and may announce a re-development policy soon. This might boost re-development of derelict buildings in the city. The index is the ratio of a building’s total floor area to the size of the piece of land upon which it [...] Continue Reading »
Industry experts said the new rule (BMC proposal to bring more areas under Floor Space Index calculations) could force developers to pass on the cost ultimately to the buyers since including additional components in FSI would lead to less construction. The Maharashtra Chamber of Housing Industry (MCHI) has welcomed BMC proposal to bring more areas [...] Continue Reading »
