FUNGIBLE FSI PDF

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To know more about fungible FSI and the norms governing it, read further. Typically, the built-up area i s the space covered by all the floors in a building and is primarily dependent on the Floor Space Index FSI. For instance, if the total area of a land parcel is 2, sq ft and the FSI set by the government is three, then the builder can construct up to 6, sq ft of floor space on the available plot.

However, if the developer wants to construct anything beyond the permissible FSI limit and increase the built-up area beyond 6, sq ft, they have to purchase the space from the city authorities. The additional space purchased from the authorities is referred to as fungible FSI. It is also referred to as Premium FSI. As per the norm, the fungible FSI should not exceed more than 35 percent of the floor area in residential properties and 20 percent of the floor area in industrial and commercial developments.

Anything beyond the purchased space is considered illegal, and the builder can face severe consequences such as hefty fines. To compensate the builders for the loss, the government made a provision of additional built-up space in lieu of a premium. Similarly, the fees for industrial and commercial developments are 80 and percent of RRR, respectively. Also, to avail the fungible FSI, it is imperative that the road adjoining the plot should be at least 30 ft wide.

Here is the breakdown of the fungible FSI as per the neighbouring road widths. If the land area is 2, sq ft and the FSI is two, and the abutting road width is 35 ft, then the builder can avail 20 percent additional floor space as fungible FSI. To know about the prevalent FSI and the fungible FSI in the preferred area, one needs to visit the official website of the State government since it would aid in better planning and execution.

Leave this field empty. October 9, PM Reply. The fungible FSI is higher near some metro stations close to localities having good real estate momentum. February 27, PM Reply. July 29, PM Reply. Email: feedback 99acres. Knowledge Centre. Subhadra Bhadauria Sr. Research Analyst 99acres. What is the formula for calculating built-up area? Road width Permissible Fungible FSI in Residential Properties ft 20 percent ft 30 percent More than 60 ft 35 percent For instance If the land area is 2, sq ft and the FSI is two, and the abutting road width is 35 ft, then the builder can avail 20 percent additional floor space as fungible FSI.

Disclaimer : The views expressed above are for informational purposes only based on industry reports and related news stories. Rajendra Abhyankar Nicely explained. Thanks for the article.. Construction Building regulations for easing developmental pressure on hill towns. Residential Andhra Pradesh Govt. Bhavya Sriram VB Legal. Arya Sumant Eden Realty Group. Hakim Lakdawala Goodwill Developers. Milan Thakkar Walplast. Susmita Nag Fenesta. Lalitesh Mandrekar Godrej Interio. Uday Bhaskar Godrej Properties Limited.

Rajkumar Jain Anemos. Sameer Joshi Godrej Interio. Ashok Mohanani Ekta World. View All Experts. Our Partners Naukri. Usage of 99acres.

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To know more about fungible FSI and the norms governing it, read further. Typically, the built-up area i s the space covered by all the floors in a building and is primarily dependent on the Floor Space Index FSI. For instance, if the total area of a land parcel is 2, sq ft and the FSI set by the government is three, then the builder can construct up to 6, sq ft of floor space on the available plot. However, if the developer wants to construct anything beyond the permissible FSI limit and increase the built-up area beyond 6, sq ft, they have to purchase the space from the city authorities. The additional space purchased from the authorities is referred to as fungible FSI. It is also referred to as Premium FSI.

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The FSI is a measurement that defines the extent of construction permissible on a plot. An FSI of 5 means a built-up area of up to five times the size of the total plot. Fungible area is the additional permissible constructed area such as flower beds, terraces, voids and niches. Therefore, today, the base rate is very high.

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