Issued by: Indian Express | Sandeep Ashar | 15 January 2021
"The state urban development (UD) department, while issuing orders regarding the implementation of the real estate stimulus approved by the government, made it clear that concessions extended by the previous regime in premiums till August 2021 for Mumbai will remain applicable."
"This would mean that Mumbai builders will be entitled to pay premiums for additional floor space index (FSI) and compensatory fungible FSI at just 17.5 per cent of applicable ready reckoner (RR) rates for residential projects till August 19, 2021."
