Shot in arm: Total FSI for saleable residential projects increased up to 1.7

Over six years after it introduced the Special Township Project (STP) scheme to promote self-sustainable micro-economic hubs in and around urban centres in Maharashtra, the state government on Sunday finalised several modifications to the existing policy. While the total FSI for saleable residential projects has been increased from 1 to a maximum of 1.7, the government has also increased the component of low-cost housing and the area that has to be reserved for economic activities within the township.