Planning commission recommended for additional FSI.Posted on : 12 Apr, 2012
The Planning Commission steering committee drafted a report, in which it has suggested to provide additional FSI (Floor Space Index; the ratio between built-up area and plot size) as development right, but it will be chargeable.
The committee further said the additional FSI will be charged at least 50% of the circle rate of the area and have to be decided officially. It added that additional FSI should be permitted selectively.
According to the committee that, the revenue which will generate from the additional FSI will be helpful for funding infrastructure projects. The senior official from urban development ministry said that, if additional FSI’s proposal accepted would substantially increase availability of housing stock and moderate realty prices.
SOURCE: Accommodation Times Bureau