Developers in Mumbai can build more if they set aside some
space for public parking.The Maharashtra government has come out with an
incentive floor space index (FSI) provision that encourages developers and housing
societies to earmark space for a public cause in return of permission to build
more. This would not only free up some privately owned plots or surplus space in
housing societies for public parking but also have some impact on the property market since the developers will get extra FSI to build more.
In areas where the FSI has been capped at 1 or 1.33, this
provision would virtually be a windfall for developers if they can set aside the
required space for public parking.Additional FSI is big enough an incentive
for developers.In the island city, the maximum permissible FSI,which
determines vertical growth of a building in proportion with the plot area,will
be 4 under the new parking policy proposed by the Government.In suburbs and
extended suburbs, the maximum permissible FSI will be 3, according to an amendment
made by the state to the section 37(2) of Development Control Rules (DC Rules).
The general FSI in the island city and suburbs is 1.00 and 1.33.
The provision says the minimum area of a plot being offered
for public parking should be 1000 sq m in the island city and 2000 sq m in
suburbs.The minimum number of motor vehicles public parking space should not be
less than 50 subject to minimum parking space of 700 sq m.The maximum
permissible FSI that the policy offers is inclusive of the FSI actually used by the developers or societies.The policy will be implemented by the Brihanmumbai Municipal Corporation (BMC).
The provision will work like this. Suppose a developer or
housing society offers a 20,000 sq m plot for public parking, after that
building or society has fulfilled parking requirements of the residents, to the
municipal corporation and if the corporation accepts the proposal, the developer
or the society concerned will get an additional FSI (depending upon location)over and above the FSI granted earlier. People using the parking space will have to pay charges to the BMC. But the developer or society will not claim any share
in this revenue and the only incentive will be extra FSI.
The provision makes a distinction for areas near railway
stations, bus depots, metro stations, water jetties, government offices, and prominent
places of worship.If the parking space proposed by developers or societies is
within 500m distance from any of these places, the permissible additional FSI
will be available on 50% of the built of parking area.In other parts of the
city and suburbs, this will be 40%.This provision has been included to facilitate public parking around prominent places of worship like Siddhivinayak, Mahalaxmi
temple, Haj i Ali, Mount Mary church etc.
The provision would not only create parking space around
the popular places of worship but also lead to creation of additional housing stock
by offering extra FSI. The provision at places of worship also takes into account the security aspect since shortage of parking has always been a security
threat.
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