Redevelopment simplified....Bombay times dated 06/07/13 (page.no.11)

Utkarsh Jani-(Project Management Consultant)

Edifice Erection Pvt. Ltd

Redevelopment simplified

Question 

We are a housing society going for redevelopment, but we are confused about which individual carpet areas to be considered, given in the agreement or as per physical measurements of flats?

Utkarsh simplifies  

Freezing individual carpet area is the most important and first step towards Redevelopment, as all the calculations are based on the area consumed by society members viz a viz plot area. Also the existing member’s fungible F.S.I. calculation is based on existing carpet area.  The carpet areas have to be worked out from approved plan copy of BMC by a licensed Architect. In case, Approved BMC plan is not available then the area as per assessment records is considered and if both records are not available then only physical survey of typical flat  (unmodified- original ) should be carried out and that carpet area should be considered.

Question

What is fungible FSI?

Utkarsh simplifies  

Fungible F.S.I. is additional F.S.I. allotted over and above the proposed principle F.S.I. The fungible F.S.I. is maximum 35% over principle F.S.I. in case of residential units and 20% over principle F.S.I. in case of commercial units. The said fungible F.S.I. can be utilized as a balcony, dry balcony, flower bed or can be utilized as part of area inside flat or shop

Question

If any member is in possession of Terrace or Garage then How to compensate such Private terrace areas and Garages.

Utkarsh simplifies  

As per previous policy of development, the terraces and garages were not counted in F.S.I. The terraces are meant to be the common areas or non accessible areas and garages were meant only for parking. However in old days developers used to sale those areas to the members. In case of garages the same used to get converted into shops and offices and used for commercial purpose. Now as per new policy covered garages and terraces attached to the flats are counted in F.S.I. and hence if the members are to be given alternate terraces and garages the same are to be counted in F.S.I. which will be loss to the society. Against all odd once in possession of garages or terraces members are always reluctant to give away the benefit of the same.

    There is no rule as such to compensate garages or terraces, however as a market practice to compensate terrace area, 1/3rd of the terrace area is given against terrace and for garages, and alternate parking space in stilt area is given or monetary compensation is offered.

For any queries

Utkarsh.jani@edificeconsultants.in

www.redevelopmumbai.com  9833890140, 65520686, 28984915

already inquiries and questions are flooding in....

shall choose only interesting questions, and will be answered in my next column..