Cidco urges grant for FSI of 3 for redevelopment of old buildings

By Accommodation Times News Services

cidco_bhavanThe Navi Mumbai development authority Cidco, has discovered need of floor space index (FSI) of 3 for the redevelopment of all the dilapidated buildings, which they have constructed in Navi Mumbai Municipal Corporatio area. They have urged the Maharashtra government for granting the FSI of 3.

They have prepared the proposal and will discuss the whole issue in the Cidco’s Board meeting to be held on 11th February. The proposal also includes that it would not charge any lease premium for redevelopment projects as the increased FSI would enable it to apportion its own share from the developed properties. The current proposal includes buildings that are more than 30 years old.

As per the source, the proposal was under discussion with principal secretary, urban development, NMMC, and other nodal government bodies for the last two months. If the board passes the resolution, then it will be forwarded to the state government as it would require change in the development control rules. Further, they said, “the grant of enhanced FSI had earlier been proposed only for Cidco areas from Kharghar onwards where it is the planning and development authority. But, it now wants to include old structures it had developed in the NMMC area also.”

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