The floor space index value is changed from place to place. It also depends on the type of building. The FSI value of a specific area is easily found in all the building bylaws for various cities and municipalities.
Different cities or municipalities may have different bylaws and consequently different values. It is regulated by the Development control regulation department of a particular location and according to the National Building Code of India. They will regulate the FSI value based on city zone, type of building, and other amenities. The total floor area for the building must be as per the Floor space index of the area given by the government. From building types find the rule and regulation of FSI regarding your building type in your city.
It can be either be 2 floors of Sq. It helps to find out the permissible dimension of lands like the size and width, thus which can be utilized to know how much land can be utilized. If FSI or FAR value s are increased by the government, the chances of getting better utilization, housing stock, and space also go up. Ultimately, all of this contributes to the price of the property. Because, if the contractor can construct more and builder will sell more, and thus they will charge reasonable charges from the home buyer.
It allows you to construct the building as per rules and regulations. Paid Floor Space Index : Sometimes when builder or contractor wants to increase their FSI limit, they have to pay some fund to the municipal body to get an additional area to include with the aim to increase the overall plot area is typically termed as Paid Floor Space Index. So, If you are willing to increase the limit of permissible floor space index FSI for your project, you have to pay extra charges to the local authority as Premium FSI Fund.
But, you get eligible for this option you land with must be at least 30 feet long along the road length. This numeric value indicates the total amount of area on all floors you can build upon a plot. FSI regulates by Development control regulation department of a particular location and according to the National Building Code of India.
They will regulate the FSI value based on city zone, type of building and other amenities. Construction can only build up to the FSI imposed by the government. Based on your building type, one can find out the FSI.
FSI is the ratio of building floor covered area to area available on the land. A simple example of this would be, if a plot of land measures about five hundred square meters, the permissible FSI is 1, then the construction of five hundred square meters will be allowed on this plot.
As per the permissible FSI, this number can change. Many things can have an impact on the possible FSI of a building. Some of these include the size of the plot, type of the building, the location of the plot city zone , essential facilities that can be made available for the building, etc.
For example, the FSI of land may be dependent on where its location. FSI in old and established part of the city can be different than permissible FSI in developing areas. The FSI number defines the potential of the plot and its commercial value. Although the math might be simple, calculating the actual FSI of a potential building can be difficult as many areas such as basements, porches, shafts, lifts, service areas etc.
In Mumbai, the basement parking area and stilt parking does not count as a part of FSI.
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