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Municipal Corporation of Greater Mumbai

Mumbai Development Plan 2034 Proposes FSI of 8: Attracts Criticism

The draft of the Development Plan (DP) 2034 for the city of Mumbai prepared by the Brihanmumbai Municipal Corporation (BMC) has proposed a significant increase in the floor space index (FSI) of up to 8, in order to ease space constraints in the city. While the increase in FSI has certain benefits, it has also […]

karthik.k

Maha

Maharashtra: Recent regulatory developments and their impact

In order make the real estate sector more organised and bring-in the much needed transparency, several new policies and regulations saw the light of the day in Maharashtra. In this article, CommonFloor has analysed the top six regulations along with their impact on the realty sector. 20% LIG housing reservation The dream of affordable housing […]

nikunj.j

Guide to pay BMC property tax online

Mumbai Property Tax is collected by the assessment and collection department of the Municipal Corporation of Greater Mumbai. Earlier the property tax was calculated by Rateable value system which was based upon the maximum rent a property can fetch in a year. But the Brihanmumbai Municipal Corporation has changed the property assessment and tax calculation […]

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