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.33 extra FSI if general body approves rule

Comments Off on .33 extra FSI if general body approves rule   |   February 11, 2014    02:28pm   |Contributed by manoja

THANE: After deliberating endlessly on a government ordinance on .33 floor space index (FSI) rule, the Thane Municipal Corporation (TMC) is now finally set to put a seal of approval on it. The corporation has recorded the objections raised to the rule passed by the government way back in 2008, and will table it for a final approval in front of the general body (GB) this week.

The TMC has heard three individuals who had raised doubts on the implementation and viability of the scheme this week. A hearing was given to MLA Mangal Prabhat Lodha of Congress, Jitendra Awhad of the Nationalist Congress Party (NCP) and corporator Vikrant Chavan, all of whom had raised technical issues in the scheme.

After the GB approves the scheme, it will be forwarded to the government to take note of the objections. Once approved, the scheme could change the face of the Thane skyline, and help earn TMC handsome revenue in its kitty.

The .33 FSI scheme was approved by the Thane GB last year, and has been lying on sidelines since then.

When the state government in 2008 passed the new rule to hike the FSI in the suburbs to 1.33 from one in Mumbai and elsewhere in the state, it was estimated that a total income of Rs 1,400 crore will fall into both state and corporation coffers. The money under the scheme is collected in the form of a premium, developers would pay to avail of and purchase the extra FSI.

All civic corporations and the state had said that the premium would be put to use for developing a corpus that could be used in the future for improving infrastructure.

TMC commissioner Aseem Gupta said that all objections from MLAs and corporators have been recorded and that it will not only streamline the use and downloading of FSI but also fill the civic coffers with good revenue that would allow the TMC to invest in better infrastructure.

The rule was applied in the Brihanmumbai Municipal Corporation (BMC) two years ago and the Mumbai civic body since has been making a handsome collection on that count.

Officials in the TMC said, they hope, the revenue earner in TMC will be over Rs 150 crore to begin with and give some impetus to a town planning department, which is currently struggling to increase its income.

http://timesofindia.indiatimes.com/city/thane/-33-extra-FSI-if-general-body-approves-rule/articleshow/29988759.cms

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