Chavan rejects builders getting additional FSI
Turning down a demand that builders be allowed to get additional floor space index (FSI) by paying premium in redeveloping old Mhada buildings in the city, Chief Minister Prithviraj Chavan said they would have to share housing stock with Mhada in redeveloped buildings.
Chavan said that a meeting of local legislators would be held after the monsoon session on the issue. But he stressed that there would be no compromise on the flat sharing formula.
Some members of the ruling Congress and Nationalist Congress Party also backed the Opposition’s demand, saying scrap the flat sharing formula and allow only premium payment for getting extra FSI.
In 2010, the state government amended the re-development scheme. In addition to premium payment, the state also gave builders an option of sharing flats for free with Mhada for procuring more FSI. But only few builders opted for the scheme because it was not profitable to them.
265 premium-for-FSI proposals have been rejected because the government wants flats from builders so that they can be given to the needy persons through lottery. It prefers flats over money because Mhada does not have land to build houses and issue.
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Source: Business Standard
Chief minister, flat sharing, Flats, Floor space index (FSI), Legislators, Lottery, Mhada, Nationalist Congress Party, Prithviraj Chavan, re-development scheme, ruling Congress, State government
