Buildings may get taller as Panel seeks higher FSI

The skyline of Indian cities could soar as the government considers permitting vertical growth with the aim of checking runaway realty prices and generating resources to upgrade urban infrastructure for future growth.

A Planning Commission steering committee, in its draft report, has recommended providing additional FSI (floor space index; the ratio between built-up area and plot size) as development rights, but said it should not come free of cost.

The panel said the charges for additional FSI and land-use conversions should be at least 50% of the circle rate in the area and should be determined professionally. It added that additional FSI should be permitted selectively.

The commission’s steering group on urbanization said the revenue from grant of additional FSI should be “suitably ringfenced for funding infrastructure projects to sustain higher FSI”.“The proposals, if accepted, would substantially increase availability of housing stock and moderate realty prices,” said an urban development ministry official.

Calling the present density regulations in Indian cities “archaic”, the report noted that Indian cities had the lowest FSI in the world. “This (densification) should be part of a balanced strategy for expanding the effective supply of prime land and, in the process, raising funds to finance urban infrastructure improvements,” the panel noted.

Management of Buildings

In the skills of agencies or property managers include stewardship or administration buildings of condominiums. One very popular with owners.

Rent real estate assets is not without risks. The problems are many and rental of all kinds. Find more creditworthy tenants, establish a lease, make an inventory of entry and exit, handle renovations and maintenance to ensure that tenants are comfortable and they leave not establish the accounts. The management of a building, it has a flat, a few or several tens application availability that owners do not always. That's why estate agents are taking orders from managers on behalf of clients, whether public or private.

Many advantages
For individuals who engage in real estate, it is not easy to think at all, receive all complaints from tenants. Entrust the management of his property to a board or real estate agency also has the advantage of management in respect of legislation.



Moreover, in most cases, this office management added insurance that pays the unpaid rent and the damage committed by the outgoing tenant. The costs of the trial and execution are supported by the insurance company of the management. These guarantees apply from the moment that the management chooses and prepares the prospective tenant lease.

Condominiums, a new way to buy
The administration of condominiums, as to tackle a very different task. If the building management, the management contracts involved in the entire building, which includes condominiums, they are not inside the apartment. They are responsible only to deal with common parts. It must be said that when the building has multiple owners, a mediator is sometimes necessary. It's the whole point of the concierge, it is the intermediary between tenants and owners or between owners.


Condominium sales are booming. It must be said that apartment rents in direct competition with loan repayments for the purchase of a condo. Indeed, when comparing the rent for a new apartment and the amount of repayments of a loan for buying a similar apartment, it is worth buying if the former exceeds the latter. The administration of the condominium becomes an important part of the business and real estate boards.

Whether the building management or administration of condominiums, the ultimate goal is the same: to relieve owners of heavy tasks in which they are not specialists.