Published & Updated as on - 2010-02-24
In what can prove to be bonanza for private
developers, state industries agency has decided to house encroachers on its
lands on the lines of slum rehabilitation scheme.
This
decision was taken at the executive board meeting of the Maharashtra Industrial
Development Corporation (MIDC) held at the official guest house Sahyadri,
Malbar Hill on Tuesday.
Industries
minister Rajendra Darda said, “MIDC would seek Floor Space Index (FSI) of 4
from the state government to rehabilitate illegal shanties on its land in
Mumbai, Thane, Kalyan-Dombivili and Pimpri Chinchwad. This can solve the
problem of the poor slumdwellers.’’
MIDC
said this scheme would be open to pre 1995 structures. The additional FSI has
been sought to provide an incentive to builders to build free homes in exchange
of flats for commercial sale. Sources in the department said substantial MIDC
land in Thane and Marol in Andheri has been encroached and this scheme can open
up much needed space for construction. For instance 52 acres of land in Wagle
estate in Thane, has been illegal encroached. Given the space crunch in the
city, this is prime real estate and will be eyed by most big development firms.
FSI is an indicator of how
high a developer can build on a plot. The higher the FSI, the higher one can
build on a given plot of land.
MIDC
may find it difficult to get FSI of 4 from the state since the norm for SRA
schemes is 2.5. Only giant rehousing projects like Dharavi, or rehabilitation
of airport slums have been granted FSI of 4 so far.
Source:
Hindustan Times 24/2/10
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