India, May 6 -- The state plans to amend key development control rules to offer builders massive concessions in parking requirements in the heart of the Bandra Kurla Complex (BKC). The move, according to the government, is aimed at "unlocking the full potential" of 'E' and 'G' blocks, where the concessions will apply.

'E' block is the administrative core of the business district, housing government, regulatory, and public sector institutions such as the Reserve Bank of India, Income Tax Office, Sales Tax Office, Provident Fund Office and the MMRDA headquarters. 'G' block is BKC's international finance and business enclave. It is home to One BKC, The Capital, Jio World Centre, Bharat Diamond Bourse, the National Stock Exchange, American c...