With Eyes On Increasing Revenue, Maharashtra Allows Additional FSI In Mumbai
The Maharashtra government has issued a notification, announcing proposed amendments to the Development Control Rule for Greater Mumbai. The amendments seek to grant additional, optional 0.50 Floor Space Index (FSI) over the basic 1.33 FSI for buildings fronting on roads with a width of minimum nine metre and above in the Island City area of the megapolis.
The intention of the proposed amendments is to raise revenue by charging a premium. Twenty five per cent each of this additional revenue should be used in the Dharavi Redevelopment Project (DPR) and the Bandra-Versova sealink project. Besides, 25 per cent of the premium should be shared by state government and the Municipal Corporation of Greater Mumbai (MCGM).
The government in December 2015 approved modification in existing clause of regulation 32, by allowing additional 0.5 FSI by recovering premium at the rate of 60 per cent of the land rates. The government now has decided to allow an additional 0.5 FSI in the Island City of Mumbai by recovering premium as allowed in suburbs and extended suburbs.
The additional 0.50 FSI should not be applicable for industrial users. It will be subject to Coastal Regulation Zone (CRZ) and other restrictions in the DCR. The additional 0.50 FSI is optional and non-transferable.
Opposing the decision, Congress Member of the Legislative Council Anant Gadgil said allowing additional FSI would put further stress on basic amenities in the city while benefiting the builders.
"Being an architect, I have been opposing the proposal for a long time. They should instead build sub-growth centres between Mumbai-Pune, Pune-Nashik and Mumbai-Nashik," Gadgil said.
With inputs from Housing News