BMC FSI guidelines will cripple redevelopment: MCHI
Mumbai
The Maharashtra Chamber of Housing Industry (MCHI) on Friday said that the Brihanmumbai Municipal Corporation’s (BMC) new building guidelines will cripple redevelopment projects.
Municipal commissioner Subodh Kumar’s proposal will allow developers to build 25% over the permissiblefloor space index (FSI),but levy a hefty premium ranging between 100%to 200%on them.
At present, areas such as flowerbeds, voids, terraces and lobby are not counted in the FSI—the permissible built up area vis-a-vis the plot size. Most builders charge flat buyers the market rate for these areas. These spaces are then illegally amalgamated into the apartment. The BMC wants to stop this misuse by including such areas in to the FSI andlevy a premium on them.
“Developers will not be able to meet their commitments if any changes are made in the FSI concessions and tenants might even revoke their agreements,” said MCHI president Paras Gundecha. Tenants of old, dilapidated buildings are given flats or shops free of cost when these structures are redeveloped with additional FSI, which developers can sell in open market.
“The plan to levy 100% premium on some areaslikeflower bed, parking and balconies appears to have been made under the wrong premise that developers indulge in commercial exploitation. This does not happen as flats are given free of cost to tenants with developers utilizing the concessions under the rehabilitation package,” he said. Gundecha suggested that all common areas be excluded from computation of FSI calculation “without any restriction in terms of per cent of floor area as permitted in the un-amended regulation for the rehab as well as for the composite buildings”.
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