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Home > News > Tall Buildings Houses In Gujarat To Go Cheaper

Tall buildings, houses in Gujarat to go cheaper

Infrawindow News Bureau




Jun. 18, 2012, 05:12 PM

Tall buildings, houses in Gujarat to go cheaper The Gujarat urban development department (UDD) has approved a Gujarat Housing Board's (GHB) requests for constructing 70 meter tall residential towers. This approval will only be for GHB land parcels, according to senior UDD officials.


The move would mean that the GHB will be allowed to construct towers with a Floor Space Index (FSI) of 3.0 to go that tall. The UDD has also said that the GHB need not pay any premium to the government in lieu of the extra FSI to reach these heights. Today the average FSI is 1.8 across cities in Gujarat.


This clearly shows government's intention of starting to give permissions for taller buildings along special project influence areas. This includes the BRTS corridor, the metro rail corridor, Sabarmati riverfront and Delhi Mumbai Industrial Corridor (DMIC).


This is a lucrative option as land prices constitute 60% of the total project cost in Gujarat and the additional volume of flats can scale down this difference. The announcement is also an invitation for private developers to partner with GHB in a PPP model for constructing residential towers.


"Even houses will be made cheaper without much compromise on the carpet area. Today any private construction project has a deduction of an average of 42%. This means if the builder advertises 1,000 square feet apartment, he is actually giving you 420 square feet after deducting space for staircase space, common plot area, free parking and lift area--normally called the super built-up area.

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