Floor space index favoring MIG and LIG in Chennai
The rocketing prices of properties in Chennai has made property buying a distant dream for the lower and middle class population in Chennai.
Follow up to this not many of them are interested to invest on property with hiking rates.
Therefore, to balance the real estate market in Chennai city, the state government has announced additional floor space index (FSI) on all the housing projects catering middle income groups (MIG) and low income (LIG).
This initiative is said to be favoring the builders as well as developers!
Wherein the Tamil Nadu Housing Board or private developers can construct utilizing more built-up area without inviting additional cost on land.
The guidelines of FSI varies with type of buildings. The FSI for multi-storeyed buildings is 2.5 and three floored buildings including ground level is 1.5.
More related stories:
New FSI rule for real estate properties in Mumbai
Additional floor space index for Chennai to promote affordable housing
Source:The Times of India
Additional cost on land, Additional floor space index, Builders and developers, Built-up area, Chennai, Chennai city, Floor space index (FSI), FSI for multi-storeyed buildings, Guidelines of FSI, Hiking rates, Invest on property, Low income (LIG), Lower and middle class population in Chennai., Middle income groups (MIG), Private developers, Property Prices, Rocketing property prices, State government, Tamil Nadu Housing Board, Three floored buildings including ground level
Dear sir,
How many kitchen alloted for Tamil Nadu Housing Board alloted property in chennai Korattur, and what is the FSI and number of floors on this property. Plot extend is 186’0″x100’0″ and Road Width is 100’0″.
Thanking you,