cluster redevelopment

In order to boost cluster redevelopment in Mumbai, especially in the island city, the Maharashtra government is planning to provide higher floor space index (FSI). Despite its introduction five years ago, the redevelopment model hasn’t received much favourable response from developers. The new FSI, along with the new proposed cluster redevelopment policy are expected to […]

Cluster redevelopment, also referred to as urban renewal scheme is expected to get a boost due to the upcoming policy, as it will be offering more benefits to both developers and residents in Mumbai. The new policy will be replacing the existing policy, making cluster redevelopment more attractive than standalone redevelopment. The new policy is […]