Mumbai frees up 3,355 hectares of land to build 10 Bandra-Kurla complexes

Mumbai development plan has increased the floor space index (FSI), or the extent of construction allowed on a piece of land, for both commercial and residential buildings

The new development plan for Mumbai is expected to spur construction of properties and make home prices more affordable. The ‘Development Plan 2034’ has put the focus on growth of affordable housing and commercial properties, experts said.

The Brihanmumbai Municipal Corporation (BMC) will release 3,355 hectares (8,290 acres) of land, equal to nearly 10 Bandra-Kurla complexes. This land was previously designated as no-development zone, for building houses and commercial complexes in Mumbai and its suburbs.
 

About 2,100 hectares (5,189 acres) of it will be earmarked for affordable housing under the new development plan, Ajoy Mehta, municipal commissioner of Mumbai, said