Mumbai Metro | DP to permit taller buildings around metro rail corridor
Mumbai: There is a plan to permit taller buildings and allow additional buildable space to construction firms developing properties around Mumbai’s metro corridors has been put on hold for now. Government sources revealed that the contentious proposal won’t be a part of Mumbai’s new development control regulations for now. The new rules will kick in from September 1. The Mumbai municipality drafted the city’s new Development Plan (DP) which was rejected to the idea of providing higher floor space index (FSI) around transit corridors. The Maharashtra government had been pushing it in order to raise resources for Metro rail routes. This development plan will helpful for commuters safety and also traffic decongestion. The BMC Commissioner Ajoy Mehta said that from the longtime CM-led Mumbai Metropolitan Region Development Authority (MMRDA) has been demanding to allow developments to construct up to four times the plot size or FSI 4 within 500 meters of the existing...