Real estate body CREDAI requested government to promote housing particularly affordable segment by scrapping the floor space index (FSI) restrictions and allowing vertical buildings.
Lalit Kumar Jain, Chairman of CREDAI and CMD Kumar Urban development opined that this would enable the government meet the ever rising demand for housing in Mumbai which is facing tremendous land crunch.
“At a time when globally urban science talks of high density urban growth with infrastructure development along with affordable housing and protecting green zones and agriculture land, we in India seem to be living in illusion with FSI paradigm,” Jain said.
In order to exploit infrastructure in a correct manner, CREDAI stresses the need for promoting housing and job centers along with infrastructure planning.
The Eastern Freeway will undoubtedly come as a big boon for the residents of eastern suburbs and those living and travelling to Navi Mumbai, Jain said.
Infrastructure development is the back bone of Urban development. This country needs robust Urban Development to increase GDP and Employment.
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