The state government is granting developers Floor Space Index to overcome legal issues regarding salt pan land availability in Dharavi's redevelopment. In return for building rental accommodation for ineligible Dharavi inhabitants, the saleable components of the project will get an FSI of 1.33.

Office space leasing in India's top six cities rose 19% to 29.4 million square feet in the first half of 2024. Mumbai and Hyderabad quadrupled office space absorption, with Bengaluru leading at 8.8 million sq ft.

The office leasing industry is heavily influenced by GCCs in India because to their skill and cost advantages. GCCs continue to alter India's commercial real estate market as they develop across industries.

Bank of America (BofA) has acquired 1.1 million square feet of Chennai office space in a major move. This sale is BofA's biggest office space transaction of 2023 and one of its largest captive centres outside the US. The DLF Downtown, Taramani site is for the bank's Indian back office.

In a significant real estate move, the National Securities Depository Limited (NSDL) has secured a sprawling 68,000 sqft office space in Mumbai's prestigious Bandra-Kurla Complex. The deal, worth an estimated Rs 198 crore, was inked with IDFC First Bank.

MMA Developer and Saroj Landmark Realty LLP sold floor space index (FSI) rights for 153,000 square feet in Wadala, central Mumbai, to K Raheja Corp for over 275 crore Indian Rupees.

When it comes to construction and real estate development, the term FSI is a very important one. The definition of FSI (also referred to as FAR) is supposed to be the ratio between the total area of the plot and the total area of the building.

When it comes to construction, the city of Mumbai is second to none and it is imperative that real estate agents, property developers, property investors, home buyers are updated about the construction related terms in Mumbai.

The recent proposal by the Brihanmumbai Municipal Corporation (BMC) to hike the city’s permissible FSI limits from the existing 1.33 to 2.0 has stirred up a raging debate among developers and eco-activists on the many pros and cons of this move.

The double proposals by Municipal Corporation Of Greater Mumbai (MCGM) to hike the floor space index (FSI) to two and height of buildings 32 meters might result in the vertical growth of the city? Industry experts feel that this will also be an answer t