Taxability of development rights and long term land leases: transfer of FSI or upfront consideration to promoters treated as taxable services. The notification adds taxable service entries for (a) transfer of development rights or FSI (including additional FSI) by any person to a promoter for construction of a project, and (b) long term leases of land by any person where consideration is received as an upfront amount and/or periodic rent for construction of a project by a promoter. It also inserts definitions for apartment, promoter, project (REP and RREP) and floor space index (FSI) aligned with the Real Estate (Regulation and Development) Act.