In the run-up to the election in February next year, the Shiv Sena-Bharatiya Janata Party-controlled BrihanMumbai Municipal Corporation (BMC) has recommended an increase in permissible floor space index (FSI) from the present level of 1.33 to 2 and in some cases even up to 5. FSI is the ratio between allowable construction space to the actual space.
The current FSI stands at 1.33 in the island city and one in the suburbs of Mumbai and the new development plan proposes to raise it to 2.
For the construction of five-star hotels and commercial development, 5 FSI has been proposed from the present level of 3-3.5. Besides, 4 FSI will be granted to malls. For buildings to be developed by state-run Maharashtra Housing and Area Development Authority, 4 FSI will be granted from the present level of 2.5-3.
The civic body has proposed 4 FSI for affordable housing. And, similar FSI will be granted to township projects.
A BMC official, who did not wish to be named, told Business Standard: “The proposal to increase FSI is to give the much-needed boost for the creation of more housing stock. Besides, the revision is necessitated in view of constraints on horizontal development considering the geographical location of the Greater Mumbai.”
He clarified that the FSI hike has been proposed in the new development plan and it will come into effect only after its approval by the general body.
The new development plan for Greater Mumbai, which is being currently prepared, will be sent to the general body before May 31.