Are Builders Going To Pass The Benefits To The End Users i.e. Flat Buyers?

It Is Necessary To Understand And Examine Whether The Builders Are Adhering To The Passing Over Of The Above Benefits To The Flat Buyers.

As Per MCGM Practice It Was Mandatory For The Developer To Pay The Premium, If They Had To Seek Exemption Of FSI For Common Areas Like Lifts, Lobbies And Staircases In The Building. To Gain This Additional FSI On Common Areas Builders Had To Pay Heavy Premiums.

High Court Has Quashed This BMC Rule/ Practice On Payment Of Premium. A Division Bench Of Justice F I Rebello And Justice Amjad Sayed Held That The Corporation Had No Power To Charge The Fees.

Now Additional FSI On Common Areas Will Be Claimed By Developers Without Paying Any Kind Of Premium. This Has Been A Blessing In Disguise To The End Consumers By Way Of Reduction In The End Rates.

It Is Needed To Ensure By Authorities Whether The Benefit Is Passed On To The End Consumer i.e.The Flat Buyers.

 ARE THE COMMON MUMBAIKARS GOING TO BENEFIT STILL REMAINS THE SUSPENSE….,