Additional FSI and TDR for Housing Societies

Additional FSI and TDR for Housing Societies, what does it means explain Adv. R. P. Rathod.

The Brihanmumbai Municipal Corporation (BMC) entrusted with the task of making user of the available land as per the requirements and need felt by the citizens if required to make optimum utilization of the scarce available land. For implementation of this task under overall development plan the plots are demarcated according to varying land use and for various public utilities under the various plan of the BMC says Adv. R. P. Rathod. He adds that the Government publishes the priority list every year on the basis of which they demarcate lands/ plots in different categories.

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Taxability of corpus received from the Builder

What is the tax liability on Corpus received from the builder in case of re-development examines Adv. R. P. Rathod.

In the Last month the Chairman of a Housing Society in the suburbs approached me on the issue of redevelopment of their society building. The proposal was received from a reputed builder and the package offered by them was very attractive says Adv. R. P. Rathod.

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A Proposal of BMC to amend Development Control (DC) Rules, 1991 is underway

BMC is considering a Proposal to amend Development Control (DC) Rules, 1991 soon examines Adv, R. P. Rathod. 

Common areas will soon be included in FSI Concessions & builders will be legally allowed to charge for them.

Its very important now-a-days to keep a close watch on what government is doing in the backyard, what proposals are under consideration by the government, which laws are being enacted or amended, because ultimately it impacts us – the end users or the public explains Adv. R. P. Rathod.

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