Are you wishing to invest in a real estate property in Vadodara? Whether you are wanting to purchase a 2-3 BHK flat in Waghodia, premium bungalow in Ankhol, planning to buy a piece of land, or build your own bungalow; there are many guidelines and regulations that you should consider and remember. Understanding the ideas, terms, and abbreviations utilized in this area is a smart thought as it will make this overwhelming system more trustable. One term worth knowing in detail is FSI. Let us explore the concept!
FSI-Meaning
Floor Space Index or FSI basically denotes the maximum permissible floor area that a builder can build on a particular plot/piece of land. Numerically, Floor Space Index is the ratio of building floor-covered area to the raw area available on that plot/land. It is a guideline adhered to in the development control norms of many cities.
FSI regulates by the Development Control Regulation Department of a particular location and according to the National Building Code of India.
What impacts FSI?
Multiple conditions have an effect on the FSI. The FSI will modify according to the region’s rules & regulations. Different cities or municipalities may have different bylaws and consequently segregate values.
Generally, FSI/FAR value depends on the following:
- Size of the plot
- Type of building (business building, residential apartments, etc.)
- Location of the project
- Type of road adjoining the plot
So, FSI in the old and established areas of town may be distinct from permissible FSI in developing areas. Each place can revise the FSI value depending on the city’s development requirements and the value of the land. The FSI number decides the potential of the plot and its commercial value.
How To Calculate FSI For Building?
FSI calculations of a potential building are tough; areas such as basements, porches, shafts, lifts, service areas, etc. may or may not be counted in every city as a part of FSI depending on the regulations of that city. For instance, in Vadodara, the basement parking area and stilt parking do not count as a part of FSI. A detailed study of the city’s laws and by-laws is required to assess this accurately.
Floor Space Index = (Total Floor Area of all the floors of the building / Plot Area of the building)
For instance, let us assume that you have land of 1000 sq. ft and you want to get an apartment building constructed on the same. Primarily, grade the construction as residential or commercial. Then, from building types find the rule and regulations of FSI as per the rules of the region.
Let’s assume FSI is 2 for a building.
FSI = Area of all floors / Total Plot Area
Area of all floors = FSI x Total plot Area
Therefore, 1000 x 2 = 2000 Sq.ft of a floor-covered area on your land.
It can be either 2 floors of 1000 Sq.ft or 4 floors of 500 Sq.ft without affecting other municipal rules (Minimum plot extent area, Front, back, side, and rear setback, parking space).
Importance of FSI
The Floor Space Index makes you construct any property as per the established rules of the local municipal governing body. If your building plan adheres to appropriate FSI norms, the approvals and NOCs will not be questioned.
However, there may be instances when the builders would want to increase their FSI limit. For such cases, they have to pay extra funds to the municipal body to get additional built-up area. This is called Paid Floor Space Index.
Final Words
Irrespective of whether you are purchasing the home of your dreams or making a judicious financial investment, purchasing property involves a major chunk of your savings, and sometimes loans. As the process includes crucial money commitment, it is essential to comprehend all elements before committing to a deal. Make an informed choice at each step by being aware. Depend only on trusted names like Kamlesh Gandhi Projects so that you know you are making a rational decision.