Fsi

K Raheja Corp, through its subsidiary K Raheja Corp Realty Pvt Ltd, acquired the rights from M M Developer and Saroj Landmark Realty LLP.

Maharashtra forms panel to study FSI premium in Bandra-Kurla Complex

The BKC is one of the costliest commercial districts in India, and many stakeholders say the premium charged for additional FSI is very high. In fact, the latest move comes in the backdrop of the MMRDA trying to fetch around Rs 500 crore by leasing over 10,000 sq m of two land parcels, but has not found any takers.

Indian forests have deteriorated in the past two years

India recently released the India State of Forest Report (ISFR) 2021 claiming an increase in the forest cover of the country but a closer analysis reveals that the quality of India’s forests deteriorated across 15,200 square kilometres of forest area.

Maharashtra revises development rules, boost for MHADA redevelopment, business districts

The amendment to the Unified Development Control and Promotion Regulations will allow 5% amenity space for construction in plots larger than 20,000 sq m, increased FSI for MHADA redevelopment projects, and additional FSI for commercial business districts.

374 real estate projects completed since lockdown; sales increased by up to 20%: Credai MCHI

The Maharashtra government may announce reduction in the premium on additional floor space index soon to boost the real estate market.

Policy | Devendra Fadnavis’ FSI booster is not only too little too late, but also misses the point

The government’s measures are a band-aid. What is needed is surgery

Mumbai Development Plan 2034 impact: Realty prices to correct by 10 to 15%

Impact on real estate prices to be felt only if the additional FSI is available at competitive rates for the newly opened up land parcels and not at a premium

Mumbai‘s revised DCR to allow redevelopment of 30-year-old buildings

In a move that has been welcomed by the residents and developers, the Brihanmumbai Municipal Corporation (BMC) has decided, through the revised Development Control Regulations (DCR), to allow the redevelopment of 30-year-old buildings. This &#82

Mumbai Development Plan 2034: Focus on affordable housing

The long awaited Mumbai Draft Development Plan (DP) 2014-2034, is in the final stages of approval and is likely to be implemented in 2017. Keeping in line with the national objective of ‘Housing for &#82

Maharashtra CM kicks off BDD chawl redevelopment project in south Mumbai

Maharashtra chief minister Devendra Fadnavis, on April 22, 2017, said that the redevelopment of Bombay Development Directorate (BDD) chawls in Mumbai, will raise the standard of living of over 12,000 families, currently staying in &#82

Pune‘s quaint bungalows finally give way to high-rises

As cities mature, their skylines start growing vertically and horizontal expansion reduces. The preference of homebuyers to live in high-rises and luxury towers also increases as urban sprawls expand. This transition in Pune, started &#82

Pune‘s new Development Control Regulations: Small projects to benefit more

The Pune Municipal Corporation recently sanctioned the new development control regulations (DCR), which allows for higher floor space index (FSI) in certain categories, in non-congested areas. Small developments are likely to benefit more from &#82

MHADA areas to be redeveloped by charging only premium

Housing minister Prakash Mehta, on January 5, 2017, announced that the Maharashtra government will only take a premium for redevelopment of Maharashtra Housing and Area Development Authority (MHADA) layouts and that the condition that &#82

Mumbai‘s new TDR policy: Lower congestion, but costlier homes?

Mumbai has a new Transfer of Development Rights (TDR) policy that is linked to the width of the road beside the project‘s site. As per the new policy, projects on roads that are less &#82

Impact of the new Maharashtra Housing Policy on residential markets in Mumbai

The recently-released Maharashtra State Housing Policy, proposes redevelopment of buildings in 104 layouts of the state-run Maharashtra Housing and Area Development Authority (MHADA) in Greater Mumbai. A developer will be eligible for an FSI &#82

The FSI premium that is hurting Mumbai‘s property market

“Even though I am buying an apartment of 1,470 sq ft in Mumbai, I am not getting even one decent balcony. If this is the situation in a large apartment, I can understand the &#82

More FSI for Mumbai: Boon or curse for home buyers?

Recently, the Brihanmumbai Municipal Corporation (BMC), proposed to increase the floor space index (FSI) in Mumbai from 1.33 to 2.0. Such an increment, will directly impact the property prices in the area. FSI, also R

Cheer for Mumbai developers as BMC plans to cap FSI at 2

South Mumbai currently has a base FSI of 1.3 while the suburbs have an FSI of 1. A higher FSI would benefit the developers as they would be able to construct more on same-sized land plots.

Maha looks to revive fortunes of brick and mortar retail

The state government is working towards a new multi-brand retail policy and the draft note promises a big boost to both retailers as well as real estate players

TDRs: Dalal Street foray soon?

Have you ever heard of something like development rights or FSI being traded on a stock exchange? CNBC-TV18‘s Alexander Matthew reports this is the brainchild of the Maharashtra government.

Prime Property: Mumbai makeover on hold

Embarrassed Maharashtra government nixes its own development plan for Mumbai, a plan that talked of higher FSI to ensure maximum housing in the maximum city. Devendra Fadnavis is now promising a new plan in four months but till then we could see Mumbai‘s property market going into a freeze. Alexander Mathew of Prime Property has more details.

Why Mumbai Development Plan 2034 was scrapped – What next?

The development plans had many errors in mapping the existing land use plan, heritage structures were missing or their use was erroneously captured. These errors should be removed and the DP should chalk out a plan for future.

Maha drops Mumbai Development Plan; new version in 4 months

The government has also asked the Brihanmumbai Municipal Corporation (BMC) to submit a reworked plan in two months.

Mumbai makeover: Higher FSI can erase slums, heritage too

Cyrus Guzder, Founder Member, Citizens for Justice and Peace says an FSI as high as 8 is not the most worrying thing here. It is the manner in which it is being done – the general increase in FSI across Greater Mumbai, where it has been increased from 1.33 or 2 to 3.5 and even up to 6 - that is worrying.

Premium hike on FSI may throw TDR mkt into a spin: Industry

The Maharashtra government has announced a premium for additional floor space index (FSI) availed by developers for construction. Gulam Zia of Knight Frank, Pujit Aggarwal of Orbit Corporation and NM Gattu of DB Realty discuss on the implications of the move.