Latest Answer: The current FSI stands at 1.5 in Chennai for ordinary building (Not more that 8 units or high-rise building).
Plot Coverage - At the ground floor, the constructed area coverage shall not exceed 70% of the Land area. This means the entire construction, though within the norms should not be done to cover the entire plot. This ensures opens space which is essential for air, natural light and safe in times of emergencies.
Setback Space - Front, side and rear setback shall not be allowed as per the Regulation. The details may vary depends on the dimension of the plot.
Height of the building - It should not be exceed 1.5 times the width of the road or maximum of 9 meters.
Q:The market is running with a belief that FSI will go up, and that the option to buy additional TDR is beneficial for Mumbai real estate companies. Is that belief correct?
Latest Answer: Yes, earlier, TDR was available like any other commodity. It could be used anywhere in any part of Mumbai. The price was neutral. Demand and supply were the guiding factors. But today, it is very clearly differentiated based on RR rates.
Q:The government has decided to charge 100% of the Ready Reckoner Rate as premium for additional floor space index for properties along the proposed 2 new metro lines (II and VII).
Latest Answer: A government resolution issued on October 2017. The bhoomi pujan for the two lines-Metro II (Dahisar-Charkop-Bandra-Mankhurd Metro Corridor Phase I-Dahisar East- DN Nagar) and Metro VII (Andheri East-Dahisar East)-was recently done by Prime Minister Narendra Modi.
Latest Answer: You are right. Mhada should not sell its land and allow a portion to be used for luxury construction. According to me, it is the only one in a position to bring economic balance in the real estate market.
Latest Answer: Hi Sudhang,
The extra perks that you get from builder varies, it depends on the popularity of the builder and his accomplishments. What you can do is to compare notes with other people and decide what is best for you. It is paid on the old carpet area. The corpus amount is worked out on the basis of Rs……..per sq.fts on the existing carpet area.
Latest Answer: But as per the CIDCO officials, hike is an annual standard procedure. Since, 1985, the town-planning agency has been fixing the reserve price of land through revision of reserve prices in each node every year.
Latest Answer: Hey Guys,
CREDAI has already collected Rs 11 crore, while the rest of amount is to be collected shortly. Under the clean city movement, the fertilizer plants are to be set up under its CSR activities in cities across the state.
Latest Answer: As per the date, private-equity property funds disclosed 64 investments last year in India, of which 54 had a value of $2 billion. The number of transactions was 14% higher than the 56 investments with 52 disclosed deals valued at $1.86 billion in 2013.
Don't forget that some policy change or other every year and each has a big impact on the pace of development.
Latest Answer: Right Saurav,
If Salt Pan lands in suburban areas are allowed to change in usage, can be used for creation of low cost housing for LIG and EWC segments. It definitely has the possibilities to affect availability of land for real estate development, but just by itself it may not be enough.