By Samyak Jain, Director, Siddha Group
New Delhi, May 02, 2018: “The Mumbai Development Plan 2034 will be a good push for the real estate sector, especially affordable housing. The opening up of no development zones will catalyze the fruition of the nation’s housing for all vision. In a space-starved city like Mumbai, vertical growth was the way to go and the higher FSI will allow vertical development and alleviate housing woes along with the support of robust infrastructure development in the city. Moreover, a city which witnesses an influx of professionals on a daily basis, there is a need for larger office spaces and the FSI increase could not have come at a better time. This development will also boost employment generation significantly. Overall, the announcement will have a positive impact on both the home seekers and the working professionals residing in Mumbai.”
Corporate Comm India(CCI Newswire)
