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Showing posts with the label FSI

Gandhinagar | High-powered panel discusses terms and condition for MMTH tender

Surat: On 25 June Chief Secretary J N Singh with  Gujarat  Government chaired the meeting of a high-powered committee in  Gandhinagar . The main aim of this meeting was to fix the terms and conditions of the tender for Multi Model Transport Hub (MMTH) which is to come up near Surat railway station. In this meeting municipal commissioner M Thennarasan and officers of state government and Indian railways were also present. About Multi Model Hub A Multi Modal Transportation Hub (MMTH) is identified as a transport node, which integrates various modes of public transport systems as well as it is integrated with passenger transit based activities. The hub serves as a single system that enables seamless passenger transfers. The major advantages of MMTH are the shared resources and passenger facilities, which decrease the land use requirements while it increases overall capacity of the system. Developing a multimodal hub integrating the railway station, regional bus service, BRT...

Nagpur Metro | Maha Metro proposes for acquisition of 3 mt land along existing trails

Nagpur: Maha-Metro has proposed the acquisition of three meters of land along existing trails on both sides of North Ambazari Road and Wardha Road. Revealing this Dr. Brijesh Dixit, Managing Director, Maha-Metro , said that it would allow the proper development of trails and would provide a much needed vent on the roads. Against the land acquired from private individuals, an additional space index (FSI) can be provided and we have proposed the inclusion of this proposal in the Development Transfer Policy (DdD) that, in preparation of the State Government. Further explaining his idea, Dr. Dixit said that the existing trails are unusable due to the presence of utilities and that if they can be pushed further in, then we are ready to build a single identical wall that stretches in both corridors. The paths that Maha-Metro would build would fulfill their true purpose and would have no obstruction. I was interacting with journalists on Tuesday. When elaborating the point further, he stated ...

Nagpur Metro | NMRC increase the stamp duty by 1% in the Metro Rail corridor

Nagpur: The Ministry of Housing and Urban Development has approved the proposal to increase the stamp duty by 1% in the Metro Rail corridor. Duty now will be 7.5% instead of 6.5%. The registration charge of 1% (maximum 30,000 rupees) will remain unchanged. The stamp duty on the city, except the area under the Metro corridor, will remain at 6.5%. The corridor is the area that is 500 meters on both sides of the Metro road. While the stamp duty was increased, the proposal to increase the floor to space index (FSI) in the Metro corridor is still under consideration. The government is also thinking of increasing the development charges imposed while sanctioning a building in the corridor. The decision to increase the stamp duty is very important for Nagpur Metro Rail Corporation Limited (NMRCL) since it will get half the revenue generated by a 1% surcharge charge. The remaining 50% will go to Nagpur Municipal Corporation (NMC) or Nagpur Improvement Trust (NIT) depending on the ownership of ...