State formally hikes slum FSI
Posted by propertyagentsindia on July 2nd, 2012
MUMBAI: The state government has formally increased the floor space index (FSI) for slum rehabilitation projects from 2.5 to a maximum of 4. The state urban development department issued a notification on Friday after it got an approval from chief minister Prithviraj Chavan, who also heads the department. As per the notification, projects involving all high-density slums-those having over 650 tenements per hectare-are entitled to an FSI of 4, whereas those with lower tenement density are entitled to 3. Senior officials from the urban development department said that the notification highlights that all procedural formalities concerning the higher FSI move are now complete. After the move to increase size of [...]
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