By Accommodation Times (www.accommodationtimes.com)
The commissioner of Mumbai Metropolitan Region Development Authority (MMRDA) planning to introduce flexible Floor Space Index (FSI) norms to developers in order to enable them to construct with viable rental housing tenements. FSI defines the permissible built-up area on a plot.
According to the commissioner of MMRDA Rahul Asthana, “usually developers found the FSI of 4 obligatory in the rental housing scheme which is not suitable in several areas.
While reviewing the rental accommodation schemes Asthana spearheaded the experts panel had proposed to the state government in a bid to improve the project. The board is planning to make more flexible and effective to rental housing plan. Whereas, state government is planning to build around 5Lakh affordable rental housing units which ranges from Rs 800 and Rs 1,500 per month. “Approx 30, 000 housing units measuring 160 sq ft each are under construction, but the scheme has run into a hurdle. “Under the scheme, 15 to 20% of the units should be handed over to the civic body since it was providing inputs,” Asthana said.