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Mumbai property makeover set to please builders

City proposes changes to rules that may allow developers to raze slums and build taller towers

Published Tue, Mar 3, 2015 · 09:50 PM
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Mumbai

MUMBAI is seeking to amend its 24-year-old building rules that allowed slums to mushroom and kept housing beyond the reach of most of its 19 million residents.

The island-city, which has little land available for development, is proposing changes to its Floor Space Index (FSI) regulations that may permit developers to tear down old structures and build taller towers.

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