In a major policy decision that will benefit star-category hotelsu2014both existing and those under constructionu2014the Congress-led Democratic Front government has decided to amend the development control rules to provide them with an additional floor space index (FSI)
In a major policy decision that will benefit star-category hotelsu2014both existing and those under constructionu2014the Congress-led Democratic Front government has decided to amend the development control rules to provide them with an additional floor space index (FSI), the Times of India reported this morning.
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The present FSI of 2 will be hiked to 5. Since the government will be charging a heavy premium for the additional FSI by ready reckoner rates, it's expecting to mobilise at least Rs 1,500 crore.
"We have already promulgated a draft notification for granting additional FSI to star-category hotels. Since very few objections and suggestions were received, we will issue a final notification within a month," a senior official of the urban development department (UDD) told TOI on Tuesday.
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