MUMBAI: Following court cases from actual estate developers regarding the proposed top class to be levied in trade for the extra FSI, the BrihanMumbai Municipal Corporation (BMC) has shown its willingness to look at reducing the charges, a most sensible professional stated.
The top class on fungible ground area index (FSI) lately is 60 in step with cent, 80 in step with cent and 100 in step with cent of stamp duty as in step with the ready-reckoner price for residential, commercial and commercial construction, respectively.
One-third a part of the top class is payable to the state, and the remainder to the BMC.
"Yes, the cost of getting a permit in Mumbai is expensive and there is no doubt that it is high as compared to any other part of the country. But now we are having a rethink and relooking at the issues," BMC commissioner Ajoy Mehta stated at a CII match here today.
FSI is the ratio of total built-up space to the dimensions of the plot.
He stated whilst the Corporation will reconsider in regards to the problems raised through developers, "they (developers) should understand that it (premium on FSI) is also a source of revenue for it".
Mehta further stated the Corporation is in the strategy of drafting a transition coverage till the brand new Development Plan (DP) 2034 is implemented.
"We are aware that the implementation of the new DP will take some time. Until then, we are drafting a transition policy and we are seeking suggestions and objections from the stakeholders. We are hopeful that we will soon come out with it," he added.
The top class on fungible ground area index (FSI) lately is 60 in step with cent, 80 in step with cent and 100 in step with cent of stamp duty as in step with the ready-reckoner price for residential, commercial and commercial construction, respectively.
One-third a part of the top class is payable to the state, and the remainder to the BMC.
"Yes, the cost of getting a permit in Mumbai is expensive and there is no doubt that it is high as compared to any other part of the country. But now we are having a rethink and relooking at the issues," BMC commissioner Ajoy Mehta stated at a CII match here today.
FSI is the ratio of total built-up space to the dimensions of the plot.
He stated whilst the Corporation will reconsider in regards to the problems raised through developers, "they (developers) should understand that it (premium on FSI) is also a source of revenue for it".
Mehta further stated the Corporation is in the strategy of drafting a transition coverage till the brand new Development Plan (DP) 2034 is implemented.
"We are aware that the implementation of the new DP will take some time. Until then, we are drafting a transition policy and we are seeking suggestions and objections from the stakeholders. We are hopeful that we will soon come out with it," he added.
BMC may look at lowering premium for extra FSIs
![BMC may look at lowering premium for extra FSIs]()
Reviewed by Kailash
on
May 17, 2018
Rating:
