Whether FSI Increase Help Mumbai Real Estate
Keeping in mind its state of real estate-Mumbai, the financial capital of India, is said to be the next Shanghai, however, apprehensive over Indian opposition to change and obsolete laws, World Bank officials urge Indian government to adopt a New York-like FSI policy for Mumbai. The FSI (Floor Space Index) is the ratio of the total floor area of buildings on a certain location to the size of the land of that location, or the limit imposed on such a ratio. In Mumbai the FSI is 3.45 at Nariman Point, 2.66 in the city and 1 in suburbs. Considering the fact that Mumbai real estate has a massive housing problem clubbed with ever growing population, a higher FSI is what one would like, but with the kind of infrastructure and property structure Mumbai has, a high FSI is still a distant dream. ...
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