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The real estate sector got a crucial boost from the Maharashtra Government recently. Maharashtra Urban Development ministry has amended the Unified Development Control and Promotion Regulations (Unified DCPR) act that will now allow around 5 percent amenity space for construction in plots larger than 20,000 sq m. <br> <br>Additionally, there will be an increased Floor Space Index (FSI) for Maharashtra Housing and Area Development Authority redevelopment projects and has granted additional FSI for commercial business districts (CBDs). <br> <br>Shinde added that “The revised Unified DCPR will accelerate employment, promote economic progress and have a positive impact on the future of the industry,”. The real-estate sector is a significant economic engine tool and is considered the second-largest employment generation division after agriculture. Also, other industries like cement and steel are linked with the sector which will also get show improvement.

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