BMC plans on slashing premium charges on additional FSI
BMC is taking this measure in order to incentivise the heavy construction cost in Greater Mumbai.
Published Date: May 25, 2018
Updated Date: May 30, 2019
Brihanmumbai Municipal Council has announced its plans to revise the premium charges on additional FSI. In a city where land is scarce and the realty market is facing a downturn, BMC is taking this measure in order to incentivise the heavy construction cost in Greater Mumbai.
The global real-estate thinktank Knight Frank's report suggested the current premium charges in Mumbai are 'irrational' and a revision was eagerly awaited by the entire industry.
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