Floor Space Index
The state government has proposed to give 2.5 floor space index (FSI) to dilapidated buildings in the Mumbai Metropolitan Region. With this decision the builders will get the chance to construct more apartments, which will definitely increase the supply of the properties in Mumbai region. The government officials have confirmed that the decision to give [...] Continue Reading »
The Surat Urban Development Authority has planned to increase the floor space index (FSI) on both sides of the Ring Road. This new idea will encourage the real estate developments in the areas by the ring road as SUDA has reserved 500 meters on both sides of the road for town planning schemes. In the [...] Continue Reading »
The planning commission recently recommended to increase the floor space index (FSI) with the height of the apartments in India. The builders think to support the rising FSI, government must spend more for the supporting services like water, electricity and sewage. The builders welcome the rule as they will be able to construct more units [...] Continue Reading »
A common meeting was held in Bandra with the Municipal Chief and the builders, architects, consultants and the real estate agents to ‘clear the air’ regarding the amended Development Control Rules (DCRs). The meeting was ended with a hint of strike by the builders . In the meeting the commissioner asked the builders to submit [...] Continue Reading »
The government of Tamil Nadu announced revised floor space index (FSI) plan for the affordable housing project. The government also declared that the builders need not to pay any additional charge for construction of apartments with higher FSI. The state finance minister also announced more interest waiver on housing loans disbursed by cooperative housing societies. [...] Continue Reading »
Urban development department issued an order to increase the floor space index for the commercial properties constructed in the non- congested area of Nagpur. With this decision the builders now have a huge scope to build larger commercial properties. When the Floor space index (FSI) was reduced earlier in 2010, the builders objected that decision. [...] Continue Reading »
Recent amendments in General Development Control Regulations (GDCR) for the floor space index (FSI), reduced the hope of availability of spacious flats in Vadodara. Previously the land owners gave their properties to builders and used to get good spacious apartments built on their land while the builders sell the other apartments to different customers. Due [...] Continue Reading »
For a better rental housing scheme in Mumbai, MMRDA chief wants the floor space index (FSI) to be little flexible. The developers can then work on a good rental housing scheme. Developers supporting rental scheme recommends for a better amendment in the approved FSI. According to the scheme, the state government had plans of building [...] Continue Reading »
Mumbai based developers are very much affected by the newly amended development control regulations. After the recent amendments in DC rules, it is predicted that there might be a hike in property prices which would effect the margin of the developers. As per the new rules, common areas like balcony, flower beds, terraces etc will [...] Continue Reading »
Now, developers have to do some social service to get an extra bit of floor space index (FSI)! According to the new development plan (DP), it has been proposed that extra FSI will be granted to those who are willing to build a public toilet on a part of their land. The new plan is [...] Continue Reading »
