FSI pre­mium in city to fund ru­ral hous­ing

The Times of India (Mumbai edition) - - FRONT PAGE -

T he state gov­ern­ment plans to build 12 lakh homes in 48,000 vil­lages by 2019 us­ing the Ur­ban Shel­ter Fund, which gets money from the pre­mium that is charged by the BMC for ad­di­tional FSI. The fund which has a cor­pus of Rs 7,000 crore has been ly­ing un­spent and the gov­ern­ment now plans to use it to build af­ford­able hous­ing.

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