MIDC vide its circular MIDC/CP/A65/42/2014 dated 10th March 2014, has cleared the proposal for additional FSI up to o.5 over and above the basic FSI of 1.00.
Such additional FSI will be granted owing to payment of premium as per the rates and conditions decided by MIDC from time to time.
Premium would be charged as follows:
1. For industrial activities / industrial plot :
25% of prevailing industrial rate of MIDC in that area.
2. For residential use :
50% of prevailing residential rate of MIDC in that area.
3) For commercial use :
75 % of prevailing commercial rate of MIDC or Ready Reckoner Rate, whichever is higher
Please refer below link for circular: