All about FSI and TDR
ALL ABOUT FSI & TDR I. Introduction Real estate is a sector which touches almost everyone’s life. This is because everyone has a home and many have an office. One often comes across concepts such as FSI and TDR while dealing with the real estate sector. Further, while dealing with taxation issues connected with real estate, knowledge of these terms is of immense value. The concepts of FSI and TDR are explained in the Development Control Regulations for Greater Bombay, 1991 (“ the Regulations ”). The Regulations have been framed under the Maharashtra Regional and Town Planning Act, 1966 (“the MRTP Act”). As the name suggests, these Regulations are applicable only for the City and suburbs of Mumbai. The MRTP Act provides for the town planning and the development of land for public purposes within the State of Maharashtra. This Article examines these two very important concepts. I...