Mumbai Metro | Plan for taller buildings around Metro,rail corridors
Mumbai: There is a plan to permit taller buildings and allow additional buildable space to construction firms developing properties around Mumbai’s public transport corridors has been put on hold for now. 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, said the government official. The Mumbai municipality has drafted the city’s new Development Plan (DP) which was later rejected to the idea of providing higher floor space index (FSI) around transit corridors. The Maharashtra government had been continuously pushing it in order to raise resources for Metro rail routes. The Floor Space Index, which is known as Floor Area Ratio one of the development tools that define the extent of construction permissible on a plot. The ratio of FSI is the built-up area of a plot to the plot area. The longtime CM-led Mumbai Metropolitan Region Development Authority (MMRDA) has been dema...