65,000 residents to benefit from FSI hike | mumbai | Hindustan Times
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65,000 residents to benefit from FSI hike

mumbai Updated: May 22, 2011 00:52 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Around 65,000 tenants living in old, dilapidated buildings in the island city, are relieved. The state government has made it mandatory to offer a minimum of 300 sqft carpet area to the tenants and has also hiked the Floor Space Index (FSI) to 3.

This step, which was pending for more than three years, would benefit around 65,000 tenants living in 16,602 buildings constructed prior to September 30, 1969. This benefit would also be extended to approximately 400 buildings where the revamp work has already started.

Sachin Ahir, minister of state for housing, said it would speed up the redevelopment process.

“These residents would now move to bigger houses and even developers would now take interest in a big way,” said Ahir. Increase in the FSI ensures that developers will get to build more which in turn increases their profitability.

Current rules stated that residents of these buildings were getting a minimum of 225 sq ft area and the FSI was fixed at 2.5. However, the problem arose when the state government hiked the room size of slums revamp to 269 sq ft, while the area for old buildings remained the same.

The Maharashtra Chambers of Housing Industry (MCHI), the apex body of the builders, has welcomed the step.

MCHI former president Sunil Mantri, who pursued the matter aggressively, called it a positive step.

“This order will benefit mainly those buildings which are on the verge of collapse as builders would be attracted due to increase in FSI,” said Mantri.

The state government has also made it mandatory for builders to offer adequate corpus fund so that it covers the maintenance costs of the new structure for 10 years. “We do not mind shelling an additional amount as it would benefit the residents,” said Mantri.

Congress MLA Amin Patel, who has more than 5,000 buildings in his Mumbadevi constituency, welcomed the decision but said the 6-metre space to be maintained between two buildings, specified in the new amendment is not feasible.

Ahir pointed out that this would be brought to the notice of the urban development department to change the provision as it would only benefit the builders with bigger areas.