Tag Archive | "FSI"
Mumbai : FSI bonanza for redevpt of cessed bldgs
Residents of old buildings have something to cheer about: The promised 300-sq-ft flats are all set to become a reality. The state government is likely to hike the floor space index (FSI) for redevelopment of old and dilapidated buildings from the existing 2.5 to 3. Sachin Ahir, minister of state for housing, confirmed this. “An announcement [...]
Continue reading...Real Estate Developers Reviving Big-Ticket Projects in Kolkata
Tuesday, February 9, 2010
Real estate developers are reviving big-ticket projects in Kolkata after securing a commitment from the West Bengal government that “some kind of incentive” would be offered to help them emerge from the downturn. The projects had been halted for at least 18 months. States such as Maharashtra, Gujarat and Uttar Pradesh have already announced incentives [...]
Continue reading...Builders bet big on cluster development
Saturday, September 19, 2009
At least 15 developers have lined up 35-40 such projects to be submitted to BMC Even during the worst days of the economic crisis, property rates at south Mumbai’s posh Nepean Sea Road didn’t fall to below Rs30,000 per sq. ft. The area, cut-off from the city’s dust and din, is dotted with luxury apartments and [...]
Continue reading...Flat owners keen to avail premium FSI
Wednesday, September 16, 2009
Existing Buildings Can Add More Built-Up Space, But Face Many Challenges In the wake of the state government announcing premium floor space index (FSI is the ratio of land to built-up area) in the Chennai Metropolitan Area to facilitate development of land to its full potential, many flat owner associations are toying with the idea [...]
Continue reading...Mumbai redevelopment projects may get a boost on higher FSI
Tuesday, September 15, 2009
The increase in the floor space index (FSI) could just be the shot in the arm for Mumbai’s redevelopment story. A recent amendment to Section 33(7) of the Development Control Regulations, 1991, has raised FSI, the ratio between the allowed built-up area and plot area available, for redevelopment of cessed buildings from 2.5 to 3. An [...]
Continue reading...Gujarat Real Estate Developers Demand Industry Status for the Sector
Friday, September 4, 2009
For once, developers in the state are pressing for an industry status for realty sector. Issues like financial support from banks, transparency in functioning of revenue department and reforms in archaic concepts of development control regulations are now teething problems for the sector. Realtor and president of Confederation of Real Estate Developers’ Association of India [...]
Continue reading...High-rises in Pimpri-Chinchwad soon
Friday, August 7, 2009
Pune: The state government has granted in-principle approval for building 100 metre tall buildings within Pimpri Chinchwad municipal corporation (PCMC) limits. The approval was given during a meeting of the PCMC officials with chief minister Ashok Chavan in Mumbai on Tuesday. A PCMC official told that the civic body had sought permission for 70 metre tall buildings. [...]
Continue reading...5.5 lakh homes a year
Friday, July 31, 2009
COULD BE LIT UP with the electricity saved if all new buildings were made to go green with small innovations. All it needs is for governments to think out of the box The walls are cream. But look again — Arjun Vallury’s home is greener than green. There’s natural light even in the basement. The taps [...]
Continue reading...Affordable housing gets govt sops
Wednesday, July 1, 2009
TNHB To Be Nodal Agency For Schemes Targeted At Economically Weak Chennai: In a bid to promoting affordable housing, the state government has announced a slew of measures, including a five per cent interest subsidy for housing loans up to Rs one lakh, 50% extra floor space index (FSI is the ratio of land area [...]
Continue reading...Real estate developers look forward to ‘financially viable’ township options
Wednesday, June 24, 2009
Pune: Developers in the city have welcomed the move to grant additional FSI for townships in nodevelopment zones, stating that the increased FSI would make projects viable. The proposal has been made by the Pune Municipal Corporation based on a notification issued by the state urban development department asking municipal corporations across the state to carry [...]
Continue reading...CIC postpones 4 FSI proposal
Thursday, June 11, 2009
Pune: The city improvement committee (CIC) members on We d n e s - day lashed out at the civic administration for not inviting them for the final draft presentation of the proposed metro rail made by Delhi Metro Rail Corporation (DMRC) on Tuesday and postponed the decision on the 4 FSI proposal along metro [...]
Continue reading...Developers who paid FSI premium will get a refund
Friday, May 22, 2009
Mumbai: The state government has decided to pay back the Rs 280 crore it collected from developers under a new scheme to charge premium for utilising 33% additional floor space index (FSI) in the suburbs—which it had announced in April last year. The urban development department, which shared the bounty collected along with the BMC, issued [...]
Continue reading...FSI price slashed, 2 lakh Mhada flats can seek redevpt
Friday, May 8, 2009
Mumbai: The redevelopment plans of dozens of Mhada residential colonies, mainly in the suburbs, could get a major boost with the housing board deciding on a sharp reduction in their floor space index (FSI) price. Societies undergoing redevelopment have to pay a premium for Mhada’s FSI, but most have found that the high cost made their [...]
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Saturday, February 13, 2010
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