FSI
With the growing urbanization and the need for affordable housing in the country, Union Minister for Housing and Poverty Alleviation feels that the developers can manage the situation. The challenges of these two factors are growing in the metro cities of India, but he feels developers can handle the challenges. Approximately 50% of the population [...] Continue Reading »
Maharashtra Government has recently given green signal to the Churchgate-Virar rail project. The elevated corridor project is meant to ease the city’s suburban rail traffic. The announcement of the approval was pending for quiet a few days. The Rs 21,000 crore budget project will be implemented by the railways and the state government would help in land [...] Continue Reading »
The Central Government has suggested the state authorities to review the floor space index (FSI) policy again to meet the affordable housing demand in Mumbai. In a city like Mumbai where 50% of the population stays in slums, it becomes very difficult for them to afford houses near workplaces. Due to which, Union housing minister [...] Continue Reading »
BMC has claimed that no new taxes and charges will be included in the BMC budget to be announced for 2013-14 financial year. Also, the civic body is unlikely to announce any new projects or schemes in the next fiscal year. BMC is all set to recover Rs 29,000 crore to Rs 30,000 crore budget [...] Continue Reading »
Ahmedabad- On one hand, the developers are waiting for an increase in floor space index (FSI) rules and on the other hand the year 2012 recorded 46 percent drop in the residential unit supply in Ahmedabad. The maximum number of projects in Ahmedabad were in mid segment while the it was just 12 percent in [...] Continue Reading »
The increase of floor space index (FSI) to 2.5 is still not finalised for redevelopment of residential colonies constructed by the Maharashtra Housing and Area Development Authority (MHADA) in Pune. 2.5 FSI has been granted for Pune and Pimpri-Chinchwad but the rules for the same are yet to be finalised. The Pune division of Mhada [...] Continue Reading »
Pune Municipal Corporation has recently demolished illegal constructions in the city spread across 2095 sqft area in Kondhwa Khurd. This initiative was taken after a three storey illegal building collapsed in the last week of September last year killing 11 people. The building was built in low water zone area where only 0.33 floor space [...] Continue Reading »
Maharashtra Government has approved the use of no development zones (NDZs) for industrial, commercial and residential activity in the state. This approval was given in the exit policy for special economic zones (SEZs). In the NDZ areas, a basic floor space index (FSI) of 0.5 will be allotted. The new industrial policy which was recently [...] Continue Reading »
The residents who come under the Panshet flood affected housing scheme have demanded increase in floor space index (FSI) in their residential agreements. The Development Plan (DP) of Pune which is on hold for now has been asked for an amendment to provide extra FSI. The DP for old city areas is on hold with [...] Continue Reading »
Integrated township has been witnessing a strong demand. The new home buyers are giving more preference for community living that offers a mix of amenities at the doorstep. The state government has implemented some reforms in the township policy to make townships more reasonable. The new policy has been approved by the Chief Minister and [...] Continue Reading »
