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Additional 0.5 FSI in Island City of Mumbai

Press Trust of India  |  Mumbai 

The today issued a notification announcing proposed amendments to the Development Control Rule 32 for Greater

The amendments seek to grant additional, optional 0.50 Floor Space Index (FSI) over the basic 1.33 FSI for buildings fronting on roads with a width of minimum nine meters and above in the Island City area of the megapolis.

The intention of the proposed amendments is to raise through a premium. 25 per cent each of this additional shall be used in Redevelopment Project (DPR) and Bandra-Versova sealink project.

Besides this, 25 per cent of the premium shall be shared by state and the Municipal Corporation of Greater (MCGM), the said.

The in December 2015 approved modification in existing clause of regulation 32 by allowing additional 0.5 FSI by recovering premium at the rate of 60 percent of the land rates.

The now has decided to allow an additional 0.5 FSI in the Island City of by recovering premium as allowed in suburbs and extended suburbs.

The additional 0.50 FSI shall not be applicable for industrial users. It will be subject to Coastal Regulation Zone (CRZ) and other restrictions in the DCR.

The additional 0.50 FSI is optional and non-transferable.

Opposing the decision, MLC Anant Gadgil said allowing additional FSI will put further stress on basic amenities in the city while benefiting the builders.

"Being an architect, I have been opposing the proposal for a long time. They should instead build sub-growth centres between Mumbai-Pune, Pune-and Mumbai-Nashik," Gadgil said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 23:20 IST