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
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement