Under the revised parking floor space index (FSI) policy, the Maharashtra government approved three parking lot projects for over 1,300 vehicles. The new lots are at Altamount Road (behind Jaslok Hospital), and in Ghatkopar and Mulund (LBS Marg).
According to media reports, the lots would be a huge relief for people as parking space in the city
Tag: floor space index
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Govt clears 3 parking lot projects
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CREDAI requests govt to promote affordable housing
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
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Govt finalises changes in STP policy
Maharashtra government finalised several changes to the existing policy for the Special Township Project (STP) scheme. The modified policy increases the contribution of the builder to low-cost housing to 20 per cent of the total built-up area from the current level of over 10 per cent. It may be recalled that over six years ago, the state gove