A contentious proposal to provide more buildable space to construction firms developing properties around Mumbai's transit corridors, is currently under active consideration of Mumbai Metropolitan Region Development Authority (MMRDA). Even as the civic body's new Development Plan (DP) for the commercial capital had rejected the higher FSI model, the government recently sanctioned additional Floor Space Index (FSI) for development of properties within 500 meters of the proposed Metro-rail corridors. The higher FSI around Metro transit corridors was one of the many approvals the cabinet granted while clearing two Metro rail routes. MMRDA, the nodal agency for the Metro projects had originally demanded higher FSI close to Metro corridors for raising monetary resources to fund projects. The plan is to collect premium for the additional FSI — the proposal is to permit construction upto four times the plot size or 4 FSI, and utilize 50% of this to fund Metro projects. The town planners had argued that those living near transport corridors used their private vehicles resulting in de-congesting roads.
📅Published on:
30 September 2016
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