Mumbai: There is a plan to permit taller buildings and allow additional buildable space to construction firms developing properties around Mumbai’s public transport corridors has been put on hold for now.
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, said the government official.
The Mumbai municipality has drafted the city’s new Development Plan (DP) which was later rejected to the idea of providing higher floor space index (FSI) around transit corridors. The Maharashtra government had been continuously pushing it in order to raise resources for Metro rail routes.
The Floor Space Index, which is known as Floor Area Ratio one of the development tools that define the extent of construction permissible on a plot. The ratio of FSI is the built-up area of a plot to the plot area.
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, said BMC Commissioner Ajoy Mehta.
For this, the Mumbai municipality had red-flagged the plan, drafted new DP Mumbai. In these DP report, the government has given approval it in May. The idea was flawed in several 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 there is the need for “transit-oriented development (TOD)” approach for permitted higher construction densities.
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.