{
  "id": 2318203,
  "title": "FPJ Interview: 'Hotels Need Higher FSI To Remain Viable'; Pride Hotels Flags Mumbai’s High Costs, Seeks Policy Boost",
  "url": "https://urgent.news/2026/08/21/fpj-interview-hotels-need-higher-fsi-to-remain-viable-pride-hotels",
  "topic": "world",
  "section": "World",
  "published": "2026-08-21T05:44:10.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/fpj-interview-hotels-need-higher-fsi-to-remain-viable-pride-hotels-flags-mumbais-high-costs-seeks-policy-boost"
  },
  "original_language": "en",
  "account": "Pride Hotels Ltd Chairman SP Jain and MD Satyen Jain advocate higher Floor Space Index (FSI) for hotel development in Mumbai, citing higher returns from residential and retail sectors. Though hotels play a vital role in the economy through business, tourism, events, and employment generation, residential and retail projects yield better financial gains.\n\nMumbai's hotel market consists of eight to ten micro-markets, with demand depending on the locations of work and business. Adequate hotel supply is essential in each micro-market, as people working in BKC, for example, are unlikely to stay in Thane.\n\nInternational tourists are price-sensitive, and rising fuel costs and higher construction and operating expenses have led to increased airfares and hotel room rates. This makes India less appealing for overseas tourists. Domestic tourism, however, remains robust, with Mumbai attracting people for business, onward travel to destinations like Goa and Alibaug, and onward travel.\n\nThe hospitality sector creates substantial employment, with a 200-room hotel generating approximately 1,000 direct and indirect jobs. Including related businesses, this can translate to around 4,000-5,000 jobs. The government should support infrastructure development, particularly better road connectivity to pilgrimage sites, while also implementing a single-window system to streamline the approval process for hotels.",
  "summary": "‘Hotels need higher FSI to remain viable’ “The returns from residential and retail segments are much higher, so nobody wants to build hotels. Hotels, however, are essential for an economy to grow,” said Pride Hotels Ltd Chairman SP Jain and MD and CEO Satyen Jain . In an interaction with FPJ Principal Correspondent Sweety Bhagwat , the father-son duo spoke about Mumbai’s hotel market, high real…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}