MCHI urges Mah Govt to increase FSI

Mumbai, Apr 11 (UNI) Maharashtra Chamber of Housing Industry (MCHI) has urged the state government to allow it to increase the Floor Space Index (FSI) by two per cent due to scarcity of land in the financial capital of the country.

Talking to UNI on the sidelines of 'Property 2008' exhibition here today, MCHI Vice President Sunil Mantry said, ''If the government considers our demands, then the common man can purchase cheaper flats, as against sky high prices, in housing schemes. The government should modify the housing policy of zonal scheme. There is vast land beyond Navi Mumbai, Panvel, Kalyan, Dombivli and other areas. The state government should give permission for building a mini township in these places.'' Earlier, MCHI had submitted a memorandum to the government and the related officers regarding the land crisis and other issues.

''We demanded the implementation of the reclamation scheme, which was banned after the Nariman Point reclamation since 1972,'' he said.

''MCHI will be organising a seminar on the Land Reform Act, which will be inaugurated by Maharashtra Chief Minister Vilasrao Deshmukh and state Urban and Development Minister Rajesh Tope in the first week of August,'' Mr Mantry said.

Meanwhile, MCHI President Pravin Doshi said that MCHI is organising 12th Real Estate and Housing Finance Exhibition of MCHI's Property 2008 for four days from April 17 to 20 at Bandra-Kurla Complex in north-east Mumbai.

The exhibiton will be inaugurated by Mr Tope and LIC Managing Director Thomas Methew. This being the home buying season, buyers want to settle in their new homes before schools start in June.

This property exhibition will provide an ideal opportunity to select low budget property of choice, Mr Doshi added.

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