The state government has clarified that a basic FSI of 1.5 and an additional building potential of 0.50 is permitted for plots leased by CIDCO in Navi Mumbai, providing relief to developers. The clarification comes after CIDCO reportedly denied the FSI to developers due to a different interpretation of regulations
The clarification allows projects that were stuck for almost 10 months to move forward without paying additional premiums. CIDCO has not commented on the development. The state government has clarified to CIDCO (City and Industrial Development Corporation) that a basic FSI (floor space index) of 1.5 and an additional building potential of 0.50 is permitted under the Unified Development Control and Promotion Regulations (UDCPR) provisions for the plots of more than 1000 square metres leased by it to developers in Navi Mumbai
https://www.hindustantimes.com/cities/mumbai-news/state-government-clarifies-fsi-provisions-for-cidco-plots-in-navi-mumbai-providing-relief-to-developers-101690400789022.html
Source: Hindustan Times
