Mumbai: Developers of sea-facing projects rattled as SRA revises permissions shrinking construction area for CRZ projects
October 30, 2026
Marsares Editorial Team
Mumbai builders are grappling with new challenges as the Slum Rehabilitation Authority revises permissions, shifting the calculation of the floor space index from gross to net plot areas. This significant change influences more than 45 redevelopment projects, especially in prime locations like Bandra and Juhu. Developers express apprehension over financial losses due to diminished construction rights, while the Brihanmumbai Municipal Corporation raises concerns about potential revenue declines f
Source: ET Realty Top Stories