FSI
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 »
The redevelopment work of around 50 apartments in areas like; Anna Nagar, Besant Nagar, Shanthi Colony and Adyar are paused in legal battles. The issues between apartment owners and the Tamil Nadu Housing Board (TNHB) has left the apartment owners stay in rented houses. The issue is all about implementing a 10 percent increase the [...] 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 »
The Maharashtra government recently passed on orders in concern with the mandatory payments of the premium floor space index (FSI) rates. Even there is a major drop down in realty sales, some of the developers across states are still holding back their properties without compromising for less deal. However, these FSI extra payments is sure [...] 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 »
As an initiative to increase affordable housing in the city, Maharashtra Government has made 20% of land mandatory for the same. The step has been taken keeping in mind to provide housing for economically backward classes and low income group people. Reservation of land would be done only on a 2,000 square meter of land. [...] Continue Reading »
There is nothing called extra FSI concept if it is not not given to the buyers for their use. It is the builders who in the name of extra FSI misuse it by including the free spaces as super built up areas. The free spaces include parking areas, balcony spaces and flower beds. Due to [...] 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 »
According to the recent Bombay high court‘s order, housing society also has to be present to approve extra floor space index (FSI). This is due to changes in the recent development control rules. This norm also applies on a society which has not yet registered or the land has not been landed over by the [...] Continue Reading »
There has been many demolitions going on in cities based on illegal constructions or violating Floor Space Index (FSI). Similar incident happened recently in a flat in Juhu, Mumbai where extra spaces including lily ponds and deck areas were demolished by BMC, On July 30, municipal corporation ordered either the places taking extra floor space [...] Continue Reading »
