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Mumbai: BMC Proposes 5 Per Cent Premium On Additional FSI For Residential Redevelopment Of Civic Tenanted Properties
The BMC has proposed a one-time premium on additional FSI to accelerate redevelopment of municipally owned tenanted properties. The framework proposes a 5% premium of Ready Reckoner value for residential projects and 10% for non-residential use. The policy covers around 46,563 civic tenants and awaits final approval from the general body.
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