Issued by: The Indian Express | 23 January 2019
1. The government slashed the premium rates that builders have to pay to avail additional FSI for all residential, commercial, and industrial projects
2. Transferable Development Rights (TDR) for surrendering a portion of their land for road widening purposes over and above the permissible FSI
3. cut premiums payable for additional built-up area in the redevelopments of old dilapidated cessed buildings in the island city
4. slum redevelopments, while premiums have been retained at 2.5 per cent of RR values, concessions have been extended to builders by shifting the date of computation of premiums to LoA or the initial approval and extending the payment deadline till OC.
5. minimum tenement size of a slum home from 269 square feet to 300 square feet
6. clubbing of two or more slum schemes if both are located in the same half of the city.
7. Fresh saleable area incentives have also been announced for builders redeveloped dilapidated cessed buildings and old suburban tenanted buildings.
