The government of Tamil Nadu is atlast trying to give the city's vertical growth a big push.The Chennai metropolitan development authority will now permit hundred floors if the building is abutting a hundred feet road. Till now a ceiling and only 29 floors were permitted. The real estate industry is delighted with this new master plan. Those who live in smaller homes will also be benefitted by the city's master plan. The floor space index or FSI has been altered from 1.5 to 1.75, up to a maximum of 450 square feet.
It means that those who have a plot of say 200 square feet could build a house up to 350 square feet on two floors. And there could be more residential areas along the city's mass rapid transport system, as the FSI has gone up from 1.5 to 2. That means they will have thirty percent more space to build. And ten percent of homes ought to be earmarked for economically weaker sections in all private projects developed in a hectare or above.
"Our aim is to provide accommodation to the rising population of the Chennai metropolitan area," said Susan Mathew, vice chairperson, CMDA.
The master plan aims at increasing the overall density of Chennai metropolitan area (CMA) from the present 59 persons per hectare to 105 persons per hectare. The CMA population, over the next 18 years, is expected to increase from 73 lakh to 1.26 crore.
On the water front, the plan proposes increasing the storage capacity in all reservoirs and lakes in and around the city. More than 300 surface lakes will get a face-lift under the scheme.
To promote tourism, a convention centre will be set up, an exhibition ship will be positioned near Anna Memorial on the Marina and pleasure boating will be introduced in the Buckingham Canal. The chief planning agency has also proposed setting up of five monitoring committees to ensure proper implementation of the master plan.
And finally, Chennai is all set to join the high skyline club of Delhi, Mumbai and Gurgoan to become a world class city.