TDR rates
Premium on FSI hiked in Mumbai, homes to become more expensive
Mumbaikars should gear up for more expensive homes after Maharashtra Chief Minister issued a notification, increasing both the premium amount and the floor space index (FSI) in Mumbai’s suburbs. This announcement comes after the Maharashtra Budget’s proposal to increase the premium on the floor space index (FSI) to generate more revenue. FSI denotes the total […]
Maharashtra government to reconsider proposed TDR policy
The Maharashtra state government has decided to put the proposed uniform Transfer of Development Right (TDR) policy draft on hold and will issue a revised one shortly. Housing minister Prakash Mehta has said that the government will re-look the draft of the revised TDR policy. The proposed TDR policy had unnerved Mumbai’s builders because it […]
