fsi

The amendment to the Maharashtra Regional and Town Planning Act, 1966, allowing additional floor space index of .33 in the suburbs for a premium is expected to reduce realty prices to some extent, real estate experts said. The reason: rates of Transf Full Article

Flat owners needn't dread nasty surprises like builders blocking their view or taking over their gardens by constructing new buildings on their premises. In an important order, the Bombay High Court has said developers cannot construct new buildings— Full Article

Indian and foreign realty players, in a bid to cash in on the upturn in the economy, have made a strong pitch for rationalisation of floor space index in metros and Tier-II and -III cities. They want FSI to be in line with export benefits for the sale of residential properties to NRIs and foreigners. Full Article

# As per the Development Control Regulations of the Municipal Corporation of Greater Bombay, 1991 (‘DCR’), in the case of redevelopment of existing buildings, an additional FSI is granted tothe land owner. The additional FSI can be utilised in the following manner: Full Article