Building built in Mumbai in 1984.
Society has received Deemed Conveyance and Property Card in its name in 2016 but not received OC.Society now going for Redevelopment.Can Society get benefits under Fungible FSI without OC.
a society can get fungible FSI without an Occupation Certificate (OC) during the redevelopment process:
The developer doesn't need to pay a premium for the fungible FSI used by existing members.
The fungible FSI can be used to provide additional space to existing members.
The fungible FSI can't be used for the free sale component.
The developer can choose to provide 25% more parking than the DCR provisions.
The developer can charge the construction cost to provide additional space to existing members.
The developer and society can split the cost of any additional FSI.
