Mumbai: There is a plan to permit taller buildings and allow additional buildable space to construction firms developing properties around Mumbai’s metro corridors has been put on hold for now.
Government sources revealed that the contentious proposal won’t be a part of Mumbai’s new development control regulations for now. The new rules will kick in from September 1.
The Mumbai municipality drafted the city’s new Development Plan (DP) which was rejected to the idea of providing higher floor space index (FSI) around transit corridors. The Maharashtra government had been pushing it in order to raise resources for Metro rail routes. This development plan will helpful for commuters safety and also traffic decongestion.
The BMC Commissioner Ajoy Mehta said that from the longtime CM-led Mumbai Metropolitan Region Development Authority (MMRDA) has been demanding to allow developments to construct up to four times the plot size or FSI 4 within 500 meters of the existing and proposed Metro rail corridors, contending that 50 percent of the premiums collected from the additional FSI can be used for funding Metro rail projects.
The Mumbai municipality had red-flagged the plan, drafting Mumbai’s new DP. In these DP report, which government has approved it in May. The idea was flawed in many ways, as it would make the already congested station areas more congested, the government stated.
The state government had plans to incorporate it in the new regulations before they are implemented. But the “transit-oriented development (TOD)” approach for permitted higher construction densities was not considered at the time of designing the planning standards for the new D.
In September the government gave share his intention for such an idea. The Cabinet had granted an in-principal approval to providing additional floor space index for the development of properties within 500 meters of the proposed Metro rail corridors.