properties in india - FM HOPES TO LOWER REALTY PRICES
properties in india

FM HOPES TO LOWER REALTY PRICES

Posted on 2008-Jun-9 at 02:58 in real estate

 

 

The increase of floor space index (FSI) from 1 to 1.33 in Mumbai suburbs, will make houses more affordable for the middle class, feels Maharashtra finance Minister Jayant Patil. The FSI in suburban Mumbai would be increased to 1.33 and would be brought on par with FSI permissible in island city. For the additional 0.33 FSI, premium would be required to be paid on the basis of market value as per the ready beckoner.

                                                             Courtesy ET Realty 06-06-08


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