Chittaranjan Tembhekar, Mumbai
The Times of India (Mumbai edition)
A notification issued by the urban development department on October 20 states that 80% of the total FSI will now be used for IT-supported financial services (ITSFS).
The state government had in 2004 modified development control regulations (DCR) to grant 100% additional FSI to all IT and ITES units in IT parks. As per the earlier provisions, ITSFS were allowed to use 30% of the 100% FSI but it’s now been extended to 80%.
Also the state’s industry, energy and labour departments had permitted financial services in 60% to 80% built-up area earmarked for IT and ITES on the condition that minimum 50% shall be used for pure IT and ITES activities.
The government has invited objections within 30 days of publication of the notice in government gazette.
As per the new provision, additional FSI will be granted upon the payment of premium that should be recovered at the rate of 25% for IT and ITES users, 40% for the IT supported financial services and 100% for commercial users of the present market value of the land under references as indicated in the ready reckoner. “The benefiting financial institution will be liable to pay 40% of the premium even if only a part of 80% of the total area is being used by them,’’ the notification stated.
1 comments:
can someone tell me whether there is any change in FSI of residential buildings in chennai. and what are the provisions of exemptions under the FSI. for eg care taker room, parking area with stilts, etc is exempt from FSI. any more such exemptions ?
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