If the revised CRZ norms are implemented, builders would get more floor space index (FSI) for every house going in for a revamp and that would buttress redevelopment activities in parts of south Mumbai and other areas dotting the sea. If state officials are to be believed, the government will raise the FSI to 2.5 to 4 from the current 1.25 in island city and 1 in the suburbs for proposed reconstruction projects. Read the full report here.
Source: Sanjeev Shivadekar, TNN, Mumbai.