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Base FSI in suburbs hiked to 1.33 33% Rise Cheers Housing Societies, TDR Prices May Dip Mumbai: The state government has increased the base floor space index (FSI) in the su government proposed to levy a premium based on the ready reckoner rate for land to an 0.33 FSI. However, the maximum cap of FSI 2 for projects in the suburbs still remains

Today, a developer setting up a building in the suburbs can use 1 FSI and load anothe (TDR) from the market. If the governments new proposal goes through, the builders the state will be able to generate revenue by charging this levy and use it for augmenting infras TOI. This could also be cause for cheer for housing societies in areas where the read from the market is not that simple and is expensive as well, says a resident of Mulund. The .33

Developer Niranjan Hiranandani said, Its a financing model for revenue collection, infrastructure development. This will also cool off demand for TDR, prices for which are currently

Mukesh Patel of Neelkanth said there would be no additional supply of flats because the cap on same despite the 0.33 hike.

TDR, which is mainly generated from slum redevelopment schemes, is currently availabl construction industry, slum TDR certificat es are the equivalent of the stocks of blue-chip compa What is FSI?

FSI (Floor Space Index) refers to the buildable area on a plot of land. An FSI of 1 means that t the area of the plotfor example, a plot of 10,000 sq ft can only have a built-up area of 10,00 suburbs was 1, but on Wednesday the state government increased it to 1.33. This means built-up area of 13,300 sq ft. This translates into a 33% increase. What is TDR? The TDR (transfer of development rights) policy was launched in 1991 to decongest the playgrounds, markets and gardens, or whose land was needed for road-widening, could s equivalent amount of space in the suburbs. In 1997, slum TDR was introduced, wherein increased from 2 to 2.5. However, TDR holders can build only north of the slum scheme Developers may opt to pay govt, not buy TDR Mumbai: The decision to hike base FSI in the suburbs could hit the booming TDR market TDR or transfer of development rights is generated when the owner/developer surrender

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Base FSI in suburbs hiked to 1.33 | Mumbai Prope...

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rehouse slum dwellers or project-affected persons free of cost. In turn, he is issued a TDR certi rights in the suburbs, but only to the north of the plot he has surrendered.

Virtually all construction activity in the suburbs is today carried out with the aid of slum TDR, wh additional FSI to construct extra floors. For instance, if FSI in the suburbs is restricted to 1, the project by buying slum TDR from the market. Reacting to the state governments proposal, a source in the property market said thi especially when the government comes out with its policy on redeveloping dilapidated

Developers would prefer to pay a premium to the government instead of buying TDR fro and Juhu, people still prefer to buy TDR because the governments ready reckoner rate ft. But from Jogeshwari to Dahisar, the ready reckoner rates for land are really lowbetween R cheaper than buying TDR. Its here that the government will benefit, the source said.

In the eastern suburbs, too, the ready reckoner rates are low, under Rs 3,000 a sq f premium to the state for the additional FSI rather than purchase TDR in the eastern belt, the so QUICK CHECK Additional .33 FSI will help housing societies in the suburbs Demand for TDR expected to reduce by 25% to 33% TDR rates may crash by 50% in the long term Government will earn revenue by charging revenue for extra FSI Between Bandra and Juhu, developers still prefer to buy TDR Between Bandra and Juhu, the governments ready reckoner rates for land are higher th

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what will be the per square cost to build a building. and what are the things come Reply Like Follow Post November 25 at 10:54am Karthik Kumar Kopuri NRI COLLEGE OF PHARMACY how much f.s.i should be enough to built a chowli type of houses. Reply Like Follow Post July 13 at 6:40pm View 1 more
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