![]() However, we need to see whether the increase is. "The current benefit on premium FSI cost-benefit is not a sustainable model and hence FSI increase along Metro Influence Area will make it more beneficial due to increased quality space available along the corridor leading to low connectivity issues and last-mile connectivity," he says This FSI increase will make developments move towards metro stations and encourage people to use public transport systems. Indian cities such as New Delhi, Chennai, Bengaluru, and Hyderabad continue to have strict height restrictions.Ī Shankar, Chief Operating Officer, Strategic Consulting and Valuation, JLL West Asia, says FSI Increase is the most important factor for any transit-oriented development like Metro rail. Amsterdam and Tokyo have completely removed height restrictions pertaining to residential buildings. Thomas Road (Metro Corridor-1) Chennai Airport (Meenambakkam)-Wimco Nagar Road (Metro Corridor-2) Madhavaram to SIPCOT Road (Metro Corridor-3) CMBT-Light House Road (Metro Corridor-4) and Madhavaram to Sholinganallur Road (Metro Corridor-5).Ĭities around the world have been easing these height restrictions or removing them entirely in order to ease the pressure on housing markets. These include Old Mahabalipuram Road (OMR) GST Road –NH32 (Kathipara Junction to Urapakkam) Arcot Road –SH113( Arcot road to Dharkast Road) CTH Road-NH716 (Padi to Thiruniravur) GNT Road-NH16 (Vyasarpadi to Padiyanallur) Outer Ring Road (Vandalur to Minjur Road) Chennai Central to St. Promoting higher FSI along these major mobility centres shall enhance the existing and proposed public transport systems.Īs per the Comprehensive Mobility Plan prepared for Chennai Metropolitan Area, 11 transport and metro corridors to realign growth, and redevelop through the integration of land use and transport following the Transit-Oriented Development (TOD) Model. The Comprehensive Mobility Plan has proposed a Floor Space Index (FSI) of 2.5 along all the identified roads and proposed metro corridors and a floor space index of 4 along the Outer Ring Road to boost the development of growth centres outside the municipal limits. An FSI of 2 allows 2 floors of 100 sq ft on the 100 sq ft of land, or 4 floors of 50 sq ft on that same land.įinance Minister Palanivel Thiaga Rajan said that along with this, the necessary infrastructural facilities will also be developed for these corridors.ĪLSO READ: TN seeks extension of GST compensation for two years, fears revenue loss of Rs 20,000 crore ![]() For instance, an FSI of 1 allows one floor of 100 sq ft to be built on a 100 sq ft plot of land, or two floors of 50 sq ft each on that same land. FSI rules are implemented to limit the amount of floor area that can be built on a given plot of land.
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