MMRDA extends new FSI scheme in Bandra-Kurla Complex

Mumbai: The Mumbai Metropolitan Region Development Authority (MMRDA) has extended its new scheme for floor space index (FSI) 4 for commercial and FSI 3 for residential buildings for the Bandra-Kurla Complex, in a bid to raise more capital. Thirty-one organizations, including top corporate houses, central government institutions and private firms have applied for extra FSI under the scheme. Among the organizations are ING Vysa Bank, Oriental Bank of Commerce, IDBI, K Raheja Corporate Services as well as central government organizations like the income-tax department and the regional passport office. The schemewasinstitutedin 2008. TNN