Vinod Jaiswal
Q: I am buying a newly constructed flat in Naigaon East in Mumbai. To calculate the cost of the balcony area, the builder has given me a formulae which is as below: Cost of area = Area x 1.6 x 50% x Per sq.ft rate Can anyone please help me with this 1.6? I really can't understand this calculation. Thanks, Vinod

My replies to this discussion
Thanks for the explanations Sir.Thanks for the explanations Sir.
My comments to replies
Hi Vinod, According to the DCR amendments, balconies, flower beds, terraces, voids and niches would be counted in the floor space index. The requirement under the new rules would be only 1.6 mtrs open space on all sides of plots measuring 600 sq-mtrs or less.
So basically, I can't do anything about it.
28th January 2016

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