At a press conference in Mantralaya on Wednesday, Nitin Kareer, the urban development secretary, Ajoy Mehta, the municipal commissioner and Sanjay Kumar, housing secretary spoke about the key features of Mumbai's new Development Plan, which will replace the 1991 DP. Media reports from ET Realty give further details.

As per the new plan, builders constructing commercial offices anywhere in the Mumbai city will now get a floor space index of 5 compared to existing 2.5. Floor space index (FSI) is the ratio of built-up area to the size of the plot. Residential FSI for private residential societies will be 3, however, in suburbs, it will remain at 2.5.

Beneficiaries of the enhanced FSI regime will include builders controlling vacant mill plots in central Mumbai. FSI for such plots is currently a little over 2.

Builders constructing commercial offices in Mumbai to get 5 FSI for the redevelopment of housing societies, DP offers 15% additional FSI free of cost. This, according to urban development secretary Nitin Kareer, will translate into "one extra room for each flat owner".

Among other changes, builders redeveloping Mhada properties like old and dilapidated buildings in the island city will now require the consent of only 51% of tenants instead of 70% at present.

Source