City Beat: Ahmedabad Developers Seek Rollback Of 40% Premium On Additional FSI [Video]
The Ahmedabad chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI) has raised concern over the delay in project approvals. The body has filed an RTI (Right to Information) application to know how the local bodies, including the Ahmedabad Municipal Corporation (AMC) and Ahmedabad Urban Development Authority (AUDA), work on matters related to this.
On the other hand, another builder's body, the Gujarat Institute of Housing and Estate Developers (GIHED), is opposing the sky-high premium charged on additional FSI (Floor Space Index). According to the body, affordable houses could be priced 15-20 per cent lower if the government removed these charges. According to Dipak Patel, president of the developers' body, it is only recently that the urban development authorities have begun charging this premium over and above the ready reckoner rates. About three years ago, an amount of Rs 1,000-1,500 per square meters was charged for residential as well as commercial properties for additional FSI.
Now a good news for the nearly 1,200 residents of 22 societies living along the Hansol road in TP 67. The standing committee of the Ahmedabad Municipal Corporation (AMC) has cleared the proposal to construct an access road, a drainage system and a water supply line here. This road is expected to lead to a new bridge across the Sabarmati river to connect the western part of Ahmedabad to the Airport Circle.