Maharashtra govt hikes FSI for slum-rehabilitation projects
Real Estate

Maharashtra govt hikes FSI for slum-rehabilitation projects

The Maharashtra government has raised the floor space index (FSI), or the permitted development on a plot, to four times from three across the state for slum-rehabilitation projects, in line with current guidelines for the nation's commercial capital, Mumbai.

The state government has modified the Unified Development Control Promotion Regulations (UDCPR) for the rest of the state to give effect to this boost in the FSI. In late 2019, the FSI for slum-rehabilitation projects in Mumbai surged to four times from the earlier three, and now, after over two years, the same has been made applicable to other parts of Maharashtra, as per a senior state government authority.

The decision is likely to push projects including slum rehabilitation in other parts of the state apart from Mumbai. With the surging industrialisation and a population explosion, slums will continue to rise in volume and cause big problems. The Maharashtra government has rightly recognised this and its penetration beyond metro cities like Mumbai. The FSI policy to incentivise developers in other cities to come forward and take up slum redevelopment is a move in the right direction, Gautam Thacker, president of real estate industry body Naredco’s Progressive Neral-Karjat unit, told the media.

As per Thacker, when mixed with city beautification and pride in one's place of residence, it would promote more developers to come forward and undertake such development and be a positive move toward a cleaner and safer city or town. In a proposal to enhance and bring uniformity to real estate development guidelines across the state, the government sanctioned the UDCPR in December 2020.

This uniform set of regulations will fix everything from the height of buildings to the width of roads and the size of amenity spaces. The new rules apply to all municipal corporations, councils and Nagar panchayats across the state, except Mumbai and some neighbouring areas such as hill stations, eco-sensitive zones and specified corporation areas.

According to the UDPCR released in December 2020, the density for slum rehabilitation projects to obtain the FSI of three was set at 500 dwellings per 2.5 acres. This permitted density has now been raised to 650 dwellings per 2.5 acres while growing the FSI to four times from three. Slum-rehabilitation officials will have the flexibility to consider projects with an even lower density of 500 dwellings per 2.5 acres to guarantee more rehabilitation projects are taken up, and slum dwellers are accommodated in such developments.

For effective execution of the projects, a separate authority is likely to be set up for eight metropolitan municipalities including Thane, Kalyan, Panvel, Vasai-Virar and Bhiwandi-Nizampur. Seven municipalities and councils, including Badlapur, Ambernath Alibag, Pen, Khopoli, Matheran and Karjat, will also be a part of this separate authority.

Image Source

Also read: MahaRERA issues order to provide certificates to realty authority

The Maharashtra government has raised the floor space index (FSI), or the permitted development on a plot, to four times from three across the state for slum-rehabilitation projects, in line with current guidelines for the nation's commercial capital, Mumbai. The state government has modified the Unified Development Control Promotion Regulations (UDCPR) for the rest of the state to give effect to this boost in the FSI. In late 2019, the FSI for slum-rehabilitation projects in Mumbai surged to four times from the earlier three, and now, after over two years, the same has been made applicable to other parts of Maharashtra, as per a senior state government authority. The decision is likely to push projects including slum rehabilitation in other parts of the state apart from Mumbai. With the surging industrialisation and a population explosion, slums will continue to rise in volume and cause big problems. The Maharashtra government has rightly recognised this and its penetration beyond metro cities like Mumbai. The FSI policy to incentivise developers in other cities to come forward and take up slum redevelopment is a move in the right direction, Gautam Thacker, president of real estate industry body Naredco’s Progressive Neral-Karjat unit, told the media. As per Thacker, when mixed with city beautification and pride in one's place of residence, it would promote more developers to come forward and undertake such development and be a positive move toward a cleaner and safer city or town. In a proposal to enhance and bring uniformity to real estate development guidelines across the state, the government sanctioned the UDCPR in December 2020. This uniform set of regulations will fix everything from the height of buildings to the width of roads and the size of amenity spaces. The new rules apply to all municipal corporations, councils and Nagar panchayats across the state, except Mumbai and some neighbouring areas such as hill stations, eco-sensitive zones and specified corporation areas. According to the UDPCR released in December 2020, the density for slum rehabilitation projects to obtain the FSI of three was set at 500 dwellings per 2.5 acres. This permitted density has now been raised to 650 dwellings per 2.5 acres while growing the FSI to four times from three. Slum-rehabilitation officials will have the flexibility to consider projects with an even lower density of 500 dwellings per 2.5 acres to guarantee more rehabilitation projects are taken up, and slum dwellers are accommodated in such developments. For effective execution of the projects, a separate authority is likely to be set up for eight metropolitan municipalities including Thane, Kalyan, Panvel, Vasai-Virar and Bhiwandi-Nizampur. Seven municipalities and councils, including Badlapur, Ambernath Alibag, Pen, Khopoli, Matheran and Karjat, will also be a part of this separate authority. Image Source Also read: MahaRERA issues order to provide certificates to realty authority

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?