Affordable Housing Legislation May Come to Mumbai

The Indian state of Maharashtra has proposed new rules that would require developers to reserve 35% of new units for low and middle-income families.

1 minute read

March 10, 2011, 11:00 AM PST

By Victor Negrete

From The Urban Vision.com:

"The new rules will include incentives for builders such as an increase in the so-called floor space index (FSI), allowing developers to add floors beyond the existing limit, said T.C. Benjamin, principal secretary in the state's urban development ministry."

Currently, Mumbai has the highest property prices in India. As a result, families are often forced to live in cramped, unsanitary conditions if they wish to be near the megacity.

FULL STORY: Maharashtra Renews Efforts on Low-Cost Housing Reservation

Sunday, March 6, 2011 in Affordable Housing Legislation May Come to Mumbai

Government / Politics Housing Social / Demographics World India India; Mumbai; Affordable Housing; Government View More

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