Prabhudas Lilladher has come out with its sector report on Mumbai real estate. According to the research firm the new rules could provide an impetus to land deals, which were earlier stuck owing to lack of policy clarity on FSI norms.
New FSI rules: As per press reports, the Maharashtra government has amended the DCR to include areas like flowerbed, balcony, voids and niches in the FSI calculation. However, official notification is yet to be received on the same. The move is aimed at plugging the earlier loopholes, wherein builders built large flower beds and deck-parking areas to enlarge the projectDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
