50% Covid rebate for additional FSI remains until project completion

20 Nov 2023 CW Team

The Bombay High Court declared that the 50% discount granted by the state government to developers for purchasing additional Floor Space Index (FSI) during the pandemic would remain applicable until the completion of projects. The court directed the BMC to revalidate or renew building permissions without requiring payment of the differential premiums.

According to a Government Resolution (GR) dated January 14, 2021, a 50% rebate on additional FSI was offered for on-going and new projects, provided the premium was paid by December 31, 2021. The GR also mandated builders to cover the entire stamp duty for buyers in the economically-weaker section, as well as those in the lower, middle, and higher-income groups.

Nine developers, including Prestige Estate Projects, Sugee Two Developers LLP, Ankur Premises Developers, Mayfair Housing, and Evershine Builders, approached the court, alleging that the BMC was not renewing permissions that had lapsed after a year, despite projects having commenced. The BMC was demanding a substantial premium for additional FSI.

In an October ruling disclosed earlier this month, a bench of Justices G S Patel and Kamal Khata observed that the rebate was a "one-off" and applied only to projects that had paid premiums by the deadline and had undertaken full absorption of the stamp duty liability.

The BMC argued that, according to the GR, developers had to initiate construction within a year of obtaining the Intimation of Disapproval (IoD) certificate, followed by the Commencement Certificate (CC). The builders contested that this was not specified in the GR. The High Court remarked, "Very often, developers are unable to obtain CCs for reasons out of their control."

Infrastructure Urban

06 Nov 2025

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..

ORGATEC India Debuts in Mumbai, Transforming the Future of Workspaces

ORGATEC, the global benchmark for workspace design, technology, and facility innovation, opened its first-ever Indian edition today at the Jio World Convention Centre, Mumbai—marking a major milestone for India’s commercial interiors and office solutions industry. With 103 exhibitors from over 10 countries and more than 8,000 trade visitors expected, ORGATEC India 2025 is set to redefine how workplaces in India are designed, automated, and experienced.The inaugural ceremony was graced by key dignitaries including Mr. Nirupam Chaudhuri (Director, NASSCOM), Ms. Bharti Singh Kalappa (Head of ..