More low-cost houses in Mumbai Metropolitan Region soon

Maharashtra government to give 2.5 FSI for all affordable housing projects take up under Pradhan Mantri Awas Yojana

In a bid to boost affordable housing projects in private sector, the Maharashtra government has decided to adopt a policy of offering incentives by allowing 2.5 Floor Space Index (FSI) to all the low-cost housing projects taken up under the Pradhan Mantri Awas Yojana (PMAY) across the state. Moreover, the projects on agriculture land and no development zone have also been permitted with 1 FSI for constructing affordable houses. Such projects also shall avail subsidy of Rs2.5 lakh per home from the government and all the other benefits prescribed under PMAY.

Projects on agriculture land and no development zone have also been permitted with 1 FSI for constructing affordable houses. (HT File Photo)

Floor Space Index (FSI) typically indicates how high a developer can build on a plot. It is the ratio of total built-up area to the size of the plot.

The state urban development department (UDD) on Monday issued a draft notification allowing the changes in the development control regulations (DCR). The final notification will be issued be after a month as the department has sought suggestions and objections from the people.

The notification said 2.5 FSI will be allowed to the development projects undertaken under PMAY where tenements shall be constructed for the economically weaker section (EWS) and LIG (lower income group), subject to the certain rules and regulations such as the approaching road shall be of 15-metre. The project shall not fall on forest land, environmentally sensitive zone or having coastal regulation restrictions. The notification further permits affordable housing projects on agriculture land and plots coming under no development zones with 1 FSI for constructing the small houses.

The ‘housing for all mission’ is one of Prime Minister Narendra Modi’s pet projects and the PMAY was launched in 2015. The Devendra Fadnavis-led Maharashtra government has set an ambitious target of constructing 19 lakh low-cost houses under the scheme by 2022.

The PMAY permits private developers to sell 50% houses at the rates of their choice while the rest of the houses have to be sold at the rates determined by the government agency — Maharashtra Housing and Area Development Authority (Mhada).