E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. Latest News

Additional 0.5 FSI in island city of Mumbai

The Maharashtra government, on January 10, 2018, issued a notification announcing proposed amendments to the Development Control Rule 32 for Greater Mumbai. The amendments seek to grant additional, optional 0.50 floor space index (FSI) over the basic 1.33 FSI, for buildings fronting on roads with a

BY Realty Plus
Published - Thursday, 11 Jan, 2018
Additional 0.5 FSI in island city of Mumbai
The Maharashtra government, on January 10, 2018, issued a notification announcing proposed amendments to the Development Control Rule 32 for Greater Mumbai. The amendments seek to grant additional, optional 0.50 floor space index (FSI) over the basic 1.33 FSI, for buildings fronting on roads with a width of minimum nine meters and above, in the island city area of the megapolis. The intention of the proposed amendments, is to raise revenue through a premium. 25 per cent each of this additional revenue, shall be used in the Dharavi Redevelopment Project (DPR) and Bandra-Versova sea link project. Besides this, 25 per cent of the premium shall be shared by the state government and the Municipal Corporation of Greater Mumbai (MCGM), the government said. The government, in December 2015, approved the modification in the existing clause of regulation 32, by allowing additional 0.5 FSI, by recovering premium at the rate of 60 per cent of the land rates. The government now has decided to allow an additional 0.5 FSI in the island city of Mumbai by recovering premium as allowed in the suburbs and extended suburbs. The additional 0.50 FSI shall not be applicable for industrial users. It will be subject to Coastal Regulation Zone (CRZ) and other restrictions in the DCR. The additional 0.50 FSI is optional and non-transferable. Opposing the decision, Congress MLC Anant Gadgil said allowing additional FSI will put further stress on basic amenities in the city while benefiting the builders. “Being an architect, I have been opposing the proposal for a long time. They should, instead, build sub-growth centres between Mumbai-Pune, Pune-Nashik and Mumbai-Nashik,” Gadgil said.  

RELATED STORY VIEW MORE

IS HOUSING MARKET DOWNTURN SHORT-LIVED?
How Spiritual Tourism is Boosting India's Real Estate
NEW YEAR NEW EXPECTATIONS

TOP STORY VIEW MORE

HC Relief to WTCA on Trademark Row

WTCA expressed gratification for the High Court of Delhi recognizing that the Bhalla Group of Companies was continuing to infringe on its world-famous brands.

09 May, 2025

Beyond Chatbots: Changing Real Estate Customer Conversations

09 May, 2025

Instant, Legal Access to U.S. Property Equity Market for Indian Investors

09 May, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website