Gurgaon, February, 8, 2017 – Pune Municipal Corporation recently sanctioned new development control regulations permitting higher Floor Space Index (FSI) in certain categories in non-congested areas. It is a progressive move that will encourage development and put a check on the haphazard growth in the city. Pune Municipal Corporation will delineate a Transit Oriented Development (TOD) zone with the approval from the state government. As per the new Development Control Regulations (DCR), an FSI of 2.00-4.00 is permissible in the TOD zone depending on the road width and plot area. Similarly, mixed used developments of residential and commercial nature may also be permissible on a residential plot in the TOD zone.
MHADA development and redevelopment projects and housing for government staff can now use an FSI of up to 2.5 and 4.00, respectively. The new DCR dictates an FSI of 3.00 for the IT establishments as well. There is also a provision of 3% to 7% extra FSI for Griha or IGBC certified green buildings based on the rating of the building.
In addition, solid waste management has been mandated for housing complexes, commercial establishments, hostels, hospitals with aggregate built-up area of more than 4000 sqm or more.
"Although the increase in Floor Space Index along the TOD zone is a welcome move, we may not witness much impact on the commercial office developments in the city, especially the developments focused on IT sector. The IT sector already had up to 3.00 FSI being allowed under the most recent Maharashtra IT Policy. The metro route, a majority of which passes through CBD & Off CBD in Pune will not fetch significant benefits for commercial developments, as limited land is available in these locations; thereby limiting the floor plate sizes as well as the overall development potential. Hence, increase in FSI along the metro route will not be of much use for larger establishments but it is an instrumental development for small sized commercial projects. In addition, increase in FSI should also go in conjunction with adequate infrastructure facilities being developed. The additional FSI is expected to aid redevelopment in the old city areas more specifically the residential segment and hopefully could lead to lowering the average FSI cost for developers," added Rishav Vij, Senior Associate Director, Office Services at Colliers International India.
The proposed Pune metro runs through most major commercial zones of the city which include Deccan, Bund Garden (CBD), Aundh, Wakad, Hinjewadi, Pimpri-Chinchwad (North west Pune), Yerwada, Kalyani Nagar, Viman Nagar and Kharadi (North east Pune). Hinjewadi and Kharadi have a large concentration of IT establishments and are also one of the primary residential catchments in Pune. These micromarkets are likely to expand further with augmented urban development aided by the rise in FSI. However as explained above, the primary beneficiary would be only the small commercial developments located along these corridors. As per Colliers,, the approved change in FSI norms will be a positive step for the city if the current and the future infrastructure demand is kept in check by focusing on development in the infrastructure sector.
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