The new development plan unveiled by the Municipal Corporation of Greater Mumbai (MCGM) proposes to increase the Floor Space Index (FSI) in the island city of Mumbai to bring it on a par with the suburban areas of the metropolis.
The civic body plans to increase the FSI to 2 in the island city, stretching from Colaba in the south to Mahim. Previously, on a base FSI of 1.33, there was no provision made by the civic body to compound saleable area on a project. However, now the development plan allows developers to purchase additional transfer of development rights or TDRs of 0.67 which can be loaded over and above the base FSI of 1.33.
TDR refers to development rights given to real estate developers in lieu of constructing slum redevelopment projects. These TDRs can either be purchased from the government or from any developer who has accrued such rights upon redeveloping slum projects. However, at the moment it is unclear whether TDR generated in one area is applicable throughout the Mumbai Metropolitan Region. So far, TDRs could be used only north of the slum project that helped generate these rights.
Among other notable changes, the new development plan said it has restored higher open public space standards. This according to industry experts could mean that the erstwhile proposal to develop part of the Aarey Milk Colony, which is the only large green patch remaining in the city, could be scrapped.
The new development plan has also scrapped the earlier proposal to increase development around the upcoming infrastructure projects in the city, referred to as transit oriented development (TOD).
The Maharashtra state cabinet had directed the MCGM in April last year to go back to their drawing boards and rework the development plan for the city. MCGM had brought out a draft city development plan—‘Development Plan 2034’ as it was called, which was put up for feedback from the public last year. However, the plan turned out to be unpopular among developers, civil rights activist groups and the public at large, attracting large-scale opposition.
Among the major issues were with the proposed DP was that the higher FSI would increase congestion and choke the roads even further.