There was a beeline to acquire the 'hottest commodity' or dispose-off the high value Rs 500 and Rs 1,000 bank notes, which will become illegal tender at midnight.
The Maximum city which is already on a standstill due to incessant rains for over 30 hours has been hit by a high tide. The authorities have issued a warning asking residents to stay away from areas near the beaches.
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.
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.