Two Realty Biggies support Modified DCR Rules
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 to TOI, Piramal Group chairman Ajay Piramal and Godrej Group chairman Adi Godrej said in the past, vested interests secured concessions and extra areas, which flouted norms. “The modified DCRs will minimize subjectivity and discretion in sanctions, reduce time to sanction and bring about much needed transparency and efficiency in the system,” they said.
Kumar’s proposal seeks to curb the rampant malpractices in the building approvals system in the BMC and curtail discretionary powers vested in the municipal commissioner to grant arbitrary concessions to builders. Many developers misuse these concessions and sell spaces, which are not part of the apartment, to buyers.
BMC, Commercial buildings, DCR, DCR Rules, Developers, Development Control Rules, Extra FSI, Floor Space Index, FSI, Godrej Group, Modified DCR Rules, Mumbai, Piramal Group, Realty Biggies, Two Realty Biggies
