Latest Answer: The municipal commissioner stated that another reason for an increase in the number of proposals is the increased need for public parking, which these projects are providing along with the availability of fungible floor space index (FSI). Under certain provisions of the Development Control Regulations (DCR), a new construction on an area of over 1,000 sq-mts in the island city and over 2,000 sq-mts in the suburbs receives FSI of up to 4 if the builder has agreed to develop public parking lots and hands them over to the BMC free of cost.
