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Maharashtra govt waives FSI premium for mill worker housing projects

The MHADA and the BMC have been at constant crosshairs over payment of premium for the fungible FSI.

| Mumbai | Published: May 14, 2015 3:00:02 am
Devendra Fadnavis, exempting construction projects, housing mill workers, fungible floor space index (FSI), MHADA, BMC, mumbai news, maharashtra news, india news, news, nation news Fadnavis has now given a go ahead for issuing a final notification for implementing the waiver. (Source: Express Archive)

Maharashtra chief minister Devendra Fadnavis on Tuesday approved a proposal for exempting construction projects meant for housing mill workers from payment of fungible floor space index (FSI).

The state urban development department had proposed the wavier, which was a long standing demand of the state’s housing board, MHADA, which takes up such projects.

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The MHADA and the BMC have been at constant crosshairs over payment of premium for the fungible FSI.

While the civic body charges a premium of 60 per cent of the ready reckoner rates for construction projects for granting an additional 35 per cent floor space index (FSI), MHADA had been demanding that this be waived off for mill worker housing to bring down the overall construction cost of such
projects.

The state government had issued an initial notification in this regard last September. Fadnavis has now given a go ahead for issuing a final notification for implementing the waiver.

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