Your browser version is 8.0 and the minimum required version for this
website is 9.0 So please use IE 9+.
click here to upgrade IE
Facebook Icon
Twiiter Icon
Youtube Icon
Google Plus Icon
LinkedInIcon
Call:   +91 89 2854 1424


Gera in News
 
 
 

Higher FSI will kill the already strained infra in Mumbai and won't make property cheaper

Firstpost.com - 18 February, 2015

Mumbai: The  civic body’s move of increasing the floor space index for the entire city up to a maximum of 8 that will change Mumbai's skyline has been criticized by urban planners and housing experts  as it could have a  disastrous impact on the city’s infrastructure.

As per the draft development plan for 2014-2034, MBC has decided to introduce the new concept of variable FSI which means the plots can use FSI from 2.5 to 8. The earlier development plan had prescribed 1.33 FSI in the island city and 1 in suburbs in a bid to contain population growth and density. It has now proposed to be raised to 2.5 uniformly.

“First of all, the carrying capacity of the area needs to be increased and then the FSI should be increased. It will neither reduce the housing prices nor will have the affordable housing for poor. It will have disastrous consequences on the city’s infrastructure,” Chandrashekhar Prabhu, a housing expert told Firstpost.

He further said that the people who currently have adequate facilities would be deprived of it if the proposed FSI comes into effect. “Whenever the FSI has been increased, it said that it is meant to reduce the housing prices and to provide affordable housing. It has never happened so far,” said Prabhu adding that the increase in FSI will only benefit the developers.

On whether the supply increase in only concentrated areas like Dadar and Andheri will lead to higher prices, Zia said,": There is a big challenge in front of the administration to control the inflation in real estate. However, these small and haphazard policy matter changes here and there only add negativity. They actually bring the prices up. So, unless there is the consolidated master plan with good focus on infrastructure development whatever supply we are talking of coming in that will only have further northward pressure on the prices."

Neera Adarkar, an architect and urban researcher, said that it will have an adverse impact on the quality of life. “There will be extreme load on the existing infrastructure due to the increase in density by the proposed higher FSI,” Adarkar said.

"This whole master plan does not take into consideration the infrastructure requirement of the city. So, unless the integrated infrastructure plan is put into perspective, increasing the FSI will only kill the already strained infrastructure further and that can kill the lifestyle of the whole city," said Gulam Zia, Executive Director at Knight Frank India.

The Civic body has also proposed open spaces to be 2 square meter per person uniformly. As per the 1991 DP, the capita open space for citizens is proposed to be 2 square meter per person (sqm pp) in the island city and 6 (sqm pp) in the suburbs. Currently, the average per capita open space available in the city is only 1.24 square meter.

“There is no clarity on how there will be double open spaces. In the last DP also, the number on open spaces was on paper and more than one third was already occupied,” she added.

While the civic body has also proposed an FSI of five and above for the transit oriented development around important  nodes that include areas close to major sub-urban, metro and monorail stations, transport experts also said that the move will only create more chaos in the city.

“The places like Chuchgate, Dadar and Andheri are already dense and also, there is no shortage of commercial places in city,” said a transport expert, who wished not to be named.

But AV Shenoy of Mumbai Vikas Samiti believes that transit oriented development is a good move by the civic body but it is not based on any logic.

“It should be based on some logical factors. The government should come out with a policy on some logical factors for increasing the FSI in city and suburbs,” said Shenoy adding that the samiti will soon take up the issue with the state government.

However, Sunil Mantri, president of National Real Estate Development Council said that it is a positive step in right direction and would generate more supply of housing. “This move will help to generate more supply of hosing in market which is currently restricted. It has also the simplification of rules and regulations compared to existing ones. Money required for infrastructure comes from land and FSI across the globe. But, the money generated from it should be strictly used for the development of city’s infrastructure,” he added.

But some are also concerned that premium for extra FSI has been linked to the ready reckoner rates which are revised years and could also lead to a rise in prices of Transferable Development Rights.

"If premium for extra FSI is attached to the ready reckoner, it can be a good revenue generator for BMC, but will be counter-productive as far as prices are concerned. We have already seen this year, that ready reckoner can be higher than even the actual market price. Even TDR prices will go up as more developers will try to attain the highest FSI and go vertical," said Lalit Kumar Jain, national chairman of Confederation of Real Estate Developers' Associations of India ( CREDAI).

Civic officials said that the plan soon will be open for public for suggestions that will heard by a committee of expert. Then the final plan will be prepared by the civic body and will be sent to the stat government for its approval, said a civic official.

 

http://www.firstpost.com/business/economy/higher-fsi-will-kill-already-strained-infra-mumbai-wont-make-property-cheaper-2105949.html

News Archive
 
 
 



Testimonials

I’ve been a sports person, and also captained my throwball and volleyball teams. I understand the importance of extracurricular activities in our growing up years.

Trainings provide a child with the required discipline when working within teams as well as gives one the chance to follow what makes you happy. It also enables an overall development!
Dance has been my passion since I was a child and I have been thrilled to see both my little ones have this in their genes too.

This opportunity really came to my doorstep through Gera. My daughters Lavanya and Diya have had an enthralling experience being a part of not just one but three Academies (The Shiamak Davar Dan..

I cannot thank you enough for making our journey with Gera so so interesting and mind-blowing. I had never ever imagined my life taking a beautiful turn with me beginning to start my career as a music teacher that too with SMA (Shankar Mahadevan Academy) and all this has been possible only because of GERA and YOU my dear.
It is only because of your efforts and kind gesture that I could meet the man himself (Shankar Ji) and have a small recording session with him. That was like a dream come true.
I am super excited to start my journey with SMA and Gera as a teacher now.

Apart from that, Me and Prateek have always been grateful to you for making Shiamak happen for us and I ..

It was indeed a pleasure being a part of the Christmas celebrations at Astoria. Kudos to the Gera team for bringing in such a wonderful event with great carol singing participation from our own kids. It brought in the spirit of Christmas and the games, Santa, the gifts only added to it. Thanks for organising such a wonderful event which helped in community building...looking forward to many more such celebrations!

..

The Christmas event organised at Astoria was a big success and a big step in bridging the gap between us and Gera. It was a memorable event as we are still in the beginning of our journey of life in our little home at Astoria. The kids have been the happiest of all and what more can we ask for when we see smiles on the faces of our little ones. Kudos to you and your team for making this event a huge success! Looking forward to many more in the years to come.

..

The Christmas party organised by Gera at Astoria this year was a great success with good participation from kids and parents. Our children Sia and Saish enjoyed the party to the fullest. Sia, in particular, had a gala time and reiterated her stand that Anita aunty's parties are THE BEST.... We as your customers take much pride in informing our friends that such goodwill gestures are one of the many differentiators Gera brings to us, which no other builder in Goa can boast of. Many thanks to you and your team for doing an excellent job in putting up this event. We look forward to the next one! A big thanks to the Gera Management for its efforts in community building.

..