The Maharashtra government is planning to increase floor space index from 1.33 to 2.5 in the city,.

Supratim,

28th January 2015

Real estate News in Mumbai

construction

real estate

housing

floor space index

mumbai fsi

transferable development rights

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As we all know that the Maharashtra government recently increased ready reckoner rates by upto 40% in many parts of the city. Ready reckoner rates are rates which are used to calculate stamp duty and registration charges of a property. Any increase in that is expected to push up prices.

Aveek Paul,

28th January 2015

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But a developer of Mumbai said that even if FSI is increased, it will come at a cost of increased ready guess rates. I do not think we can reduce prices.

Balmiki Halder, Guwahati

28th January 2015

Comment

And this move is expected to increase the supply of housing in the city and have a cooling effect on the prices, developers said this time around, it is unlikely to have a significant impact.

Aveek Paul,

28th January 2015

Comment

At present, in Mumbai, an FSI of 1.33 allows builders to construct structures with floor areas of 1330 sq- mtrs on plots of 1000 sq-mtrs. According to sources, the government is also looking to allow transferable development rights in the island city.

Balmiki Halder, Guwahati

28th January 2015

Comment

According to a news, builders in Mumbai might soon be able to quote more construction space from plots of land. The Maharashtra government is planning to increase floor space index from 1.33 to 2.5 in the city. But they are waiting for the cabinet approval.

Aveek Paul,

28th January 2015

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