Mumbai property FSI: Mega-city's parking woes generate out-of-the-box solution
The civic body has reworked its parking policy to encourage private parties to create space for vehicles, DNA has learnt. Under the revised policy, prepared as part of the proposed Development Plan (2034) for the city, developers will earn uniform floor space index for building parking lots in the island city as well as the suburbs
The FSI will be 4 for parking areas to be developed on land size above 2,000 sq mt. This is a departure from the existing norms that offer an FSI of 4 or 3, that too depending on the locality. Image source: PTI