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New Maharashtra Housing Policy

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The recently-released Maharashtra State Housing Policy proposes redevelopment of buildings in 104 layouts of the state-run Maharashtra Housing & Area Development Authority (MHADA) in Greater Mumbai. A developer will be eligible for an FSI (Floor Space Index) of three for the redevelopment of a plot up to 2,000 sqmt, and can get an additional FSI of one by paying a premium and sharing the housing stock with MHADA. Redevelopment of plots beyond 2000 sqmt will get an FSI of four.

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