While a builder redeveloping a slum cluster in Mumbai was permitted to construct up to three times the plot size or FSI 3, it has now been enhanced to FSI 4. FSI is a development tool that defines the extent of construction permissible on a plot. It is the ratio of the built-up area of… Read More »
The state government has finally rolled out its new transfer of development rights (TDR) policy for Mumbai, where additional construction rights will be given to builders depending on the width of a road along a project site. State urban development secretary Nitin Kareer said the policy has been officially notified. The biggest beneficiaries will be… Read More »
Paving the way for even more real estate development in Mumbai’s satellite cities and towns, the Mumbai Metropolitan Region Development Authority (MMRDA) proposes to double the area permissible for construction in these regions and to encourage such activity near train and metro stations. The proposals are a part of the recently framed draft region plan… Read More »