Floor Space Index (FSI) and Impact on Real Estates
When words like Floor Space Index (FSI) or certain terms appear, it all becomes confusing. FSI — what is it, and how is it linked to the city's real estate? Let's demystify it without the professional (read: complicated) jargon! What is the Floor Space Index (FSI)? FSI, short for Floor Space Index (or FAR, or Floor Area Ratio), is a regulation that determines how much building you can do on a plot. The formula is simple: FSI = Total covered area of all floors/Plot area For example, if your plot is 1,000 sq ft and the FSI allowed is 1.5, you can build ( tenure: a ground floor + half a floor) 1,500 sq ft. The limits are set by Delhi's municipal authorities to manage crowding and ensure planned growth. What Impact Does FSI Have on Real Estate Companies? FSI rules are the law of the land, so real estate companies in Delhi must follow those rules while executing projects. Here's how some companies like Prithu Builders work: The Principles of How to Go Up: In Central Delhi...