HomeNewsBusinessEconomyNew DP 2034 for Mumbai unveiled; unlocks more land for housing

New DP 2034 for Mumbai unveiled; unlocks more land for housing

Infusion of new developable land and increasing the FSI (Floor Space Index) in the island city up to 3 for residential properties are the major takeaways of the revised development plan, which will be the blueprint for the city's land use over the next 16 years.

April 25, 2018 / 20:09 IST
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India stands at the 136th position on the list, with Syria being the most violent country in the world at 163rd place. (Image: REUTERS)
India stands at the 136th position on the list, with Syria being the most violent country in the world at 163rd place. (Image: REUTERS)

The Maharashtra government today unveiled the much-awaited Development Plan (DP) 2034 for Mumbai, paving the way for the space-starved city to have more land available to build homes and commercial spaces.

Infusion of new developable land and increasing the FSI (Floor Space Index) in the island city up to 3 for residential properties are the major takeaways of the revised development plan, which will be the blueprint for the city's land use over the next 16 years.

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FSI is the ratio of the total built-up area to the total area of a plot. It is basically a tool that defines the extent of construction permissible on a plot.

In the new DP, the FSI for commercial properties is raised up to 5 in the island city from earlier 1.33.