In what is seen as a boost to commercial real estate, which is currently in bad shape, the revised draft of the development plan (DP) has proposed an FSI of 5 for office spaces in Mumbai. According to the revised DP, any plot in commercial, residential or industrial zones, measuring more than 3,000 sqm, can avail of an FSI of 5, if it is developed independently for commercial purposes, excluding the shopping spaces. The floor space index, or FSI, is the number of floors a builder can go up to on a plot. Builders are also being given 30% of the plot area to construct residential units, to incentivise the construction of office spaces and increase job opportunities in Mumbai.
Read more: Hindustan Times
