The DCPR 2034, aims to create eight million jobs in Mumbai, by increasing the supply of office space. The FSI given under the DCPR 2034 for commercial development, is higher than residential for road width greater than 12 metres.

What is Mumbai Development Plan 2034?

The Development Plan 2034 seeks to open up 3,700 ha of land that was earlier designated as no-development zone (NDZ) for construction of residential projects. Homebuyers can expect housing units of 30 sq mtr to be available in the range of Rs 60 lakh to Rs 75 lakh.

What is fungible FSI?

Fungible Floor Space Index (FSI) is the additional floor area developed by the builder over and above the FSI limit set by the government. ... Typically, the built-up area is the space covered by all the floors in a building and is primarily dependent on the Floor Space Index (FSI).