Tag: Fsi

Ahmedabad Development Authority Likely To Raise FSI

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 […]

Cities may grow taller as Plan panel seeks higher floor space index.

The skyline of Indian cities could soar as the government considers permitting vertical growth with the aim of checking runaway realty prices and generating resources to upgrade urban infrastructure for future growth. A Planning Commission steering committee, in its draft report, has recommended providing additional FSI (floor space index; the ratio between built-up area and plot size) as development rights, but said […]

SRA scheme is in doldrum due to realty slowdown

The much-hyped slum rehabilitation authority (SRA) scheme of the Maharashtra government is in doldrums. This follows a steep slump in the real estate market. One of the biggest players in SRA schemes said, “I have decided to pull out completely. It just doesn’t make sense to get involved in these schemes anymore.” With many SRA […]

Ascendas Front Runner For Rs 200 Crore TVS Land In Chennai

Asia’s leading business space solutions provider Ascendas has emerged a front-runner for acquiring a 6.18 acre plot in Chennai for developing commercial space. The land at Nandambakkam, near Chennai Trade Centre, belongs to Sravanna Properties, a subsidiary of a TVS group, managed by brothers Venu Srinivasan (CMD of TVS Motors) and Gopal Srinivasan (CMD of […]