In a move that is likely to provide relief to 35,000 old, private housing societies, the Brihanmumbai Municipal Corporation (BMC) has decided to hike the floor space (FSI) index for societies that have exhausted their permissible limits.
On Friday, during discussion on the revised draft DP, the BMC proposed an additional 75% FSI as an incentive with the aim at helping societies go in for redevelopment. According to the civic body, it has decided to offer an 40% additional FSI and another 35% as fungible FSI, which can be availed by paying a premium.
The BMC said this special provision was necessary because, unlike cessed and old Mhada buildings, there is no other rule in the DCR (development control regulations) which incentivises the redevelopment of buildings that are over 30 years old. Residents of these buildings have been facing a lot of problems as families have expanded and they continue to live in small houses.
Now, with the boost in FSI, societies will be able to have more flats, making redevelopment feasible. For example, if there is a building on a 1,000-sqm plot and construction has been done on 2,000sqm by the availing available FSI of 2, the additional FSI of 0.4 can be given. Along with this, the fungible FSI of 35% could also be allowed. This means these buildings could get extra area of up to 800sqm. At present, there is no scope of redevelopment of old private buildings since it has utilised the FSI that was granted.
A senior civic official said, “This move will benefit lakhs of residents living in such buildings. No developers were ready to redevelop these buildings. Societies can themselves go in for redevelopment and not involve a developer.”
Civic chief Ajoy Mehta said, “The redevelopment of such buildings were stuck since long time. We are are hoping that the buildings which are in dilapidated state can go through the redevelopment and residents can get new homes.”