The Brihanmumbai Municipal Corporation (BMC, in its 20 year development plan, increased the FSI to a maximum of 8. FSI is the ratio of the permissible built-up area to the plot area and was 1.33 for Mumbai city and 1 for the suburbs.
While there are a number of listed realty companies that will benefit from the municipal corporation's hike in floor space index (FSI), Gulam Zia of Knight Frank says a new breed of developers too may rise to seize the opportunity.
The Brihanmumbai Municipal Corporation (BMC, in its 20 year development plan, increased the FSI to a maximum of 8. FSI is the ratio of the permissible built-up area to the plot area and was 1.33 for Mumbai city and 1 for the suburbs.
Also read: State govt may look into uncapping Mumbai FSI
Zia says that the master planning will now have to be done keeping in mind the transport infrastructure.
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