With the State Government putting more emphasis on Floor Space Index (FSI) in the new construction plans, people looking for additional spaces in their homes have found this initiative as nothing but a bliss. All set to boost up the new construction projects, the DC rules have been implemented to perk up the living experience of the citizens to a significant extent without changing the basic infrastructure of the civic body.
From executing the Pune metro project to extending the constructional sites, these development plans are meant to take care of the all-inclusive requirements of the citizens. As per the new rules, one FSI in the constructions will be replaced by four FSI and the 3-star, 4-star and 5-star properties will have an increased FSI of upto 3%, 5% and 7% respectively. It will not only be beneficial for the IT sector and the Govt housing projects, but will also work as a a great support to the high rise buildings as well as the flood line constructions. However, although more FSI will lead to much congestion in the areas where roads are narrower, still proper planning can control the entire scenario and bring in a balance to the process.
According to a number of honchos in the Pune Municipal Corporation committee, the implementation of new DC rules will work as a sharp drive to get uniformity in the entire construction process. Applicable for both the old as well as the new areas, these rules are expected to wipe out all the probable differences that could have become a live threat in executing the building projects. Also, as per the report, an area between 25 sqm to 120 sqm will be allowed to be built in the new FSI zones. Besides the commercial and residential properties in the TOD zones will also be permitted, in case the adjacent road has minimum 12m length.
Considering that the expansion of FSI will not violate the basic infrastructure of any building, the new development control rules are expected to boost up the construction projects to a great extent. The new DC rules have also suggested a new payment option namely Reservation Credit Bond through which the sum mentioned in the bond can be easily used for further expenditure to the civic body. While the bond will not bear any additional interest, the compensation amount will be paid to the owner according to the relevant land acquisitions acts.
Also, with PMC coming up with the decision to convert all the green zones into R zones, some places like Mundhwa, Sangamwadi, Lohegaon and Pashan are going to reap huge benefit from the same. Moreover, with the transparent and lucid Development Control rules into action, all the wrong practices that could have been an obstacle in the development process are also expected to come to a sheer halt. It will not only impart more stability to the real estate sector, but will also improve the home buyers’ experience to a significant extent.