Browsing Tag

FSI charges

2 posts
Dharavi, Asia's largest slum

Dharavi Redevelopment: Bombay High Court Rules in Favor of Adani, Rejects UAE Firm’s Plea

The Bombay High Court has upheld the Maharashtra government’s decision to cancel Seclink Technologies’ winning bid for the Dharavi redevelopment project and issue a fresh tender. This move led to the award of the project to Adani Properties. Seclink had challenged the cancellation, arguing that the revised terms benefited Adani, but the court dismissed the plea, paving the way for the redevelopment of Dharavi.
Nirmala Sitharaman to present the union budget

Builders ask Govt To Reconsider GST on FSI Charges, Warns of Potential 10% Increase in Housing Prices

CREDAI has strongly opposed the proposed 18% GST on FSI (Floor Space Index) and Additional FSI charges, claiming that it could raise housing prices by 7-10%, making affordable housing projects financially unfeasible. The real estate body has urged the government to reconsider the move, warning that it could lead to stalled developments and disrupt the housing market.