Mumbai, Mar 19 (UNI) Maharashtra Government has decided to increase the Floor Space Index in Mumbai suburban district to 1.33 on par with FSI permissible in the island city.
For the additional 0.33 FSI, premium would be required to be paid on the basis of market value as per the ready reckoner, Finance Minister Jayant Patil informed the Legislative Assembly while presenting his 10th budgetary proposals.
He said the Government has decided to undertake an ambitious programme of construction of ten lakh houses under various schemes to be completed in the next two years for low-income and middle-income groups.
Under this programme, 2.50 lakh houses each under the Indira Aawas Yojana, Rajiv Gandhi Gramin Niwara Prakalp, Jawaharlal Nehru National Urban Renewal Mission, 1.50 lakh houses under Slum Rehabilitation Authority and one lakh houses under MHADA will be constructed. He said this programme will benefit slum dwellers, below poverty line families, and low-income and middle-income group families.
The state government will also raise resources through levy of 25 per cent premium on developers undertaking Slum Rehabilitation Authority schemes and grant of additional FSI for MHADA colonies.
MHADA colonies in Mumbai and across the state have consumed less than one FSI. Grant of additional FSI for these colonies will enable larger houses for existing residents and large-scale additional new houses to be constructed in these colonies, he added.
UNI MR MAZ BJR BST1817