Knight Frank India, one of the leading International Property Consultants today launched a report on the Mumbai Development Plan 2034 – Development Control Promotion and Regulation (DCPR 2034). Titled DCPR 2034 – Deciphering Mumbai’s Future, the report delves into the fine print of the DCPR 2034 and what it spells for the residential and office sectors.
To download a copy of the report, please fill the form on the right.
Key Findings - DCPR 2034
- Past policies have been limited in checking congestion, leading to construction of tall residential/commercial towers on narrow roads
- By linking permissible FSI to road width, the DCPR 2034 would ensure that taller buildings can be constructed only if the road width can support it, thereby reducing congestion
- The FSI for island city has been increased in the DCPR 2034. This increase in FSI accrues from increase in FSI on payment of premium and the increase in the quantum of TDR that can be loaded on the plot
- The DCPR 2034, aims to create 8 million jobs in Mumbai by increasing the supply of office space
- As per our analysis, the current set of incentives in the form of additional FSI may not sufficiently promote office developments to the extent required