The urban development department has issued notifications that will allow more vertical development for setting up of educational campuses, industrial complexes, starred hotels, amenities on agriculture and no-development zones. The move will speed up development and spur industrial activities in metropolitan areas of big cities, and along the state and national highways.
The notifications, which were issued on January 5, will allow setting up of educational campuses, medical institutes across 15 regions, including the Mumbai Metropolitan Region, Pune, Raigad, in agricultural and no-development zones, with a greater floor space index (FSI).
For many education barons, this will come as a boost as the FSI has been hiked up to 1 from the existing 0.2, depending on the width of the adjoining road. For a road having a width of 18m and more, the FSI of 1 can allow the construction of a seven-storey structure.
Similarly, the FSI has been hiked up to 1 from the existing 0.10 for construction of starred hotels along the national and state highways on agricultural and no-development zones. The additional FSI can be bought after paying a premium – 50% of the cost of the land -- to the collector.
For amenities on the state and national highways such as motels, restaurants, highway malls, medical stores and petrol pumps, the FSI has been hiked to 0.50. This can be availed of only on a plot admeasuring more than 10,000sqm. Further, the developer will have to provide any required amenity such as a police chowky, trauma centre, highway ambulance parking demanded by the local authorities.
An expansion of an existing industry on an agricultural plot has been made easy by allowing an FSI of up to 1, depending on the width of the road, after paying a premium. The premium charged would be 75% of the land rate as prescribed in the Annual Statement of rates (ASR)
Currently, activities on agricultural land were restricted because of lower FSI. Any expansion would require acquisition of more agricultural land and change of user procedure, among others.