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Mumbai: Landlords, old housing societies to get extra FSI in boost for redevelopment

In a boost for redevelopment in the city, the state government has offered sops for tenanted buildings and old housing societies which have utilized their entire development potential decades ago.

Under the new Development Control and Promotion Regulations (DCPR-2034), the government has offered additional FSI of up to 70% of the total existing build-up area if more than five tenanted building plots are amalgamated for joint redevelopment.

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