• Fungible FSI rule as it pertains to tenants of redeveloped building

Is there any documentary evidence that states that Free of Sale Fungible FSI should not be pass down to tenants?
Asked 2 years ago in Property Law from Mumbai, Maharashtra
Religion: Other
Yes .There is a NOTIFICATION by Govt of Maharahstra , Urban Development department , dated 9 sept..2014.

Please read through the following link  which will  give you more insights in the matter
http://www.sppl.biz/namefile/policy_20.pdf
Thresiamma G. Mathew
Advocate, Mumbai
1491 Answers
120 Consultations

5.0 on 5.0

under the amended DCR effective from 06/01/2012, a developers will be getting fungible FSI of 35% free of premium to the existing tenants and on sale portion 35% fungible FSI by paying a premium. The fungible FSI can be included in the flat and thus the flat area can be further increased.
The existing flat owners and in the other redevelopment like slum, cess buildings etc, the existing tenants will be given fungible FSI for construction free of FSI and on the sale portion, the developer has to pay the premium of 60% of the Ready Reckoner Rate for residential construction area of Fungible FSI and for commercial 80% of the Ready Reckoner Rate as the premium.
Ajay Sethi
Advocate, Mumbai
37703 Answers
2114 Consultations

5.0 on 5.0

Your question is not clear, discuss your problem instead of just putting some vague question irrelevantly. 
T Kalaiselvan
Advocate, Vellore
27650 Answers
287 Consultations

5.0 on 5.0

There is no such rule in the State of Maharashtra.
Ashish Davessar
Advocate, Jaipur
21674 Answers
590 Consultations

5.0 on 5.0

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