Union housing minister Ajay Maken said that the FSI policy in Mumbai must be reviewed. He said that only by revising the FSI policy is necessary for developing affordable houses.

FSI policy in Mumbai likely to be reviewed.

Union housing minister Mr. Ajay Maken said that the FSI policy in Mumbai as well as in all the mega cities of India must be reviewed. He added that the builders will be able to develop more affordable houses, if the Floor Space Index is raised.

There is a possibility for all the major cities of India to have taller skyscrapers in future. If the FSI policy is revised and the FSI rate is raised, then the mega cities like Mumbai and Bangalore will have taller residential development. In fact vertical development is comparatively less costly and so the buyers may be able to get homes at affordable rates. Continue reading →