#RealtyNewsRoundup: Maharashtra Introduces Rates For Premium FSI In Nashik

Maharashtra has introduced rates for the premium Floor Space Index (FSI) for the Nashik Municipal Corporation (NMC). Now, developers will have to pay 40 per cent of the ready reckoner rates while using the premium FSI or additional FSI for the residential or industrial purposes.

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The Pune Municipal Corporation has started snapping water connection to 200 dangerous buildings in the city. As many as 20 connections were cut to compel the occupants of these buildings to vacate their houses. The issue of old and dilapidated buildings resurfaced after a four-storey residential building collapsed in Mumbai's Ghatkopar.

Meanwhile, Maharashtra Chief Minister Devendra Fadnavis has assured residents of the ill-fated Ghatkopar building that he would ask the Brihanmumbai Municipal Corporation to start the process of redeveloping the structure in the next 8 to 10 days.

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Nexus Malls, a subsidiary of US-based global investment major Blackstone Group, has bought Chandigarh's Elante Mall for an undisclosed amount. It was in September 2015 that Mumbai-based Carnival Group had bought over Larsen and Toubro's Elante Mall for Rs 1,785 crore.

Source: Media reports