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Mumbai realtors may switch from residential to commercial projects

In the suburbs, the FSI was increased from 2 to 2.5 for residential properties and from 2.5 to five for commercial properties

Mumbai realtors may switch from residential to commercial projects
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Raghavendra Kamath Mumbai
Mumbai property developers may convert their planned premium and luxury residential projects into commercial projects. This is because commercial projects have been given a higher floor space index (FSI) in the new development plan for the city, and residential markets are in the doldrums, according to consultants and developers. The FSI is permissible construction on any plot of land. The new development plan increased the FSI from 1.33 to three and five for residential and commercial properties, respectively, in the island city of Mumbai. 

In the suburbs, the FSI was increased from 2 to 2.5 for residential properties and from

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First Published: Apr 27 2018 | 12:12 AM IST

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