fsi

Move To Boost Redevelopment; Developers May Get 3+ fsi, More Land

Move To Boost Redevelopment; Developers May Get 3+ fsi, More Land

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

Uttarakhand's Kumaon region is experiencing a significant drop in tourism, with arrivals down by up to 20% in popular spots like Kausani due to ongoing forest fires. Smoke has reduced visibility of the Himalayas, a key attraction, impacting visitors seeking to escape pollution. Authorities are intensifying monitoring and taking action against those responsible for the human-induced fires.

Mumbai's BMC is launching India's first integrated electronic platform for trading Transferable Development Rights (TDR) from April 15. This e-TDR system aims to streamline transactions, enhance transparency, and reduce delays by digitizing the entire process, including registration, bidding, and digital payments. The platform will create a unified marketplace, making TDR trading more accessible for all developers.

Developers emerged as the primary revenue source for BMC in 2025-26, contributing Rs 11,626 crore through premiums and development charges, significantly exceeding property tax collections. This surge, driven by extensive redevelopment, highlights the crucial role of the development plan department in municipal finances and is closely tied to the availability of additional fsi in prime areas.

A Bureau of Indian Standards technical committee urged the cabinet secretariat's deregulation cell to retain fire and life safety in the National Building Code, deeming it crucial for public safety. The cell had proposed moving these critical aspects to separate handbooks, a move experts argue could create death traps.

Kalyan-Dombivli Municipal Corporation unveiled a ₹3,186.60 crore budget, prioritizing infrastructure expansion and civic amenities without tax hikes. Key proposals include road and bridge upgrades, modern crematoriums, enhanced water supply under AMRUT 3.0, and significant waste management initiatives. The budget also focuses on health, education, and digital governance, aiming for stronger revenue mobilization.

The iconic Missoni fashion house, renowned for its vibrant zig-zag knits, is undergoing a major ownership shift. After nearly seventy years, the founding Missoni family is stepping away, selling a majority stake to private equity firm fsi. This marks the end of a significant family-run era in Italian luxury.

In a space-starved city, Mumbai's vertical growth is reaching stratospheric levels. A virtually unlimited floor space index (fsi) in certain rehabilitation housing schemes has allowed developers to build higher and higher even in congested areas.

The Bombay High Court ruled that builders cannot indefinitely delay property conveyance to housing societies by citing future expansion plans or unutilized fsi. The court emphasized that deemed conveyance is a statutory mechanism to transfer title once occupancy certificates are granted and societies are registered, protecting flat purchasers from builder's delays.

The state on Tuesday late evening has introduced rates for the premium Floor Space Index (fsi) for the Nashik Municipal Corporation (NMC).

Urban planners and developers feel that the premium Floor Space Index (fsi) will not have any impact on the city’s realty sector and property rates will not see a drop.

Nearly three years after issuing directives to ensure the grant of additional fsi in the suburbs, the state's urban development (UD) department has now asked the government not to sanction the move.

Following the City Improvement Committee's (CIC) decision to approve the 'Paid Floor Space Index (fsi)' proposal, political parties have also suggested concepts of development TDR and premium fsi.

Expressing disappointment over certain provisions pertaining to floor space index (fsi) under recently implemented common GDCR (General Development Control Regulations) in the state, city-based real estate developers have requested the state government to increase fsi in Ahmedabad on the lines of Surat and Vadodara.

Pune: The civic administration, on Monday, supported the concept of 'paid floor space index (fsi)', wherein any developer will be able to purchase...