Ahmedabad Urban Development Authority (AUDA) announced its Development plan on February 1. The new plan raised the floor space index (FSI) up by 30%.
Ahmedabad Urban Development Authority has announced a 30% rise in the floor space index on February 1. The increased FSI will enable the builders to construct taller buildings. The new development plan will be applicable to around 68 villages and other areas of the city.
Finally Ahmedabad will witness taller residential and commercial development in the city. High- rise apartments and taller commercial malls will become common in Ahmedabad. Paving the way for vertical real estate development, AUDA has announced a 30% rise in the floor space index.
However the announced changes in the FSI rates are believed to bring about coinciding swings in the General Development Control Regulations (GDCR) too. While bringing maximum transparency and standardization; GDCR ensures least flexibility in interpretation.
Currently the FSI in R-2 zones is 1.2 and this will be improved to 1.8. Under the new development plan, separate land parcels will be allocated for roads and infrastructure development. Further lands will be separated for constructing residential projects, industrial centers and agricultural fields as well.
Besides the FSI- alterations in the R- 2 zones, AUDA has raised the FSI in the R-1 zones as well. The existing 1.8 will be bettered to 2.5 in the R-1 zones. Up to now the builders were permitted to develop only buildings with a maximum height of 40 m. However with the new development plan the builders will be able to build buildings up to 70 m.
The new development plan is expected to help the builders construct taller buildings. Moreover they will be able to meet the increased demand for affordable housing units in the city. The builders will be able to provide homes at lower rates as they are able to cut short a major part of cost spent for purchasing land. The vertical development is comparatively less costly compared to the increased land prices.