Higher FSI Scheme.!
Chief minister Mr. Prithviraj
Chavan, who also heads the urban development ministry, said “We will come out
with a higher FSI scheme very soon, which will be a major step in promoting
affordable (low cost) housing” Currently, FSI offered for townships outside the
municipal limit is 1 but by offering higher FSI & putting the
responsibility of developing infrastructure like road connectivity, schools,
colleges, on the promoter, we can reduce congestion in cities like Mumbai.”
FSI indicates permissible
construction on any plot of land. If FSI is 1 for a particular plot of land and
its size is 2,000 square feet then the construction permissible is 2,000 square
feet. The greater the FSI, the taller a building can be on a given plot of
land.
Mr. Sanjay Dutt, Executive
Managing Director, South Asia, Cushman & Wakefield said, ''Higher FSI will
benefit townships in areas such as Pune or the outskirts of Mumbai, where
valuations are higher. The higher FSI means constructing more and, hence, the
project becomes costlier, which may not be viable if a township is being built
in Nashik, for example".
High-rise
building..!
Mr. Chavan also said , ''There is no consensus on
defining a high-rise building, an expert panel has been appointed to do so. The
high-rise committee, which consists of experts & bureaucrats, examines
building proposals for issues such as structural safety, fire safety norms
& the impact of such construction on
traffic in the area among others. In fact, it is my personal view that we
should do away with the high rise committee eventually, and certifying
structural safety should be given to reputed institutes like the IIT (Indian
Institute of Technology) and foreign firms, which have experience in this
field. Another panel will be formed to grant faster environmental clearances
for real estate projects."
A Mumbai based developer said,
''There already were 2 panels to clear projects that require environment
approval & now a third one had been set up to facilitate the process. With
more than 500 projects waiting to get clearance in the Maharashtra state, the
process is only getting lengthier” he said.
National President Mr.Lalit Kumar
Jain , CREDAI (Confederation of Real Estate Development Association of India)
said, ''The urban development ministry’s notification a few months back urged
state governments to increase FSI, optimize the usage of plot of land and
protect green cover. Even though the move will help the various townships that
are coming up in Pune & Navi Mumbai, the main problem that developers in
Mumbai face is delay in approvals.There should be a permanent committee that
will quickly give out approvals. Instead, we have committees that meet once a
month and clear 12 to 13 projects, that, too, not the first time, while
hundreds of projects still wait to be approved”
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