The Floor Space Index is an important aspect of a project and indicates the density of the building. When investing in real estate, you should check the FSI of the land as it determines the extent of construction. Mantri KNS Carica, offers plots of sale in Kengeri that are compliant with the various norms and rules of the government to ensure that you have a happy and stress free investment experience. Know more about FSI in detail below.
Here is everything you need to know about Floor Space Index.
What is the Floor Space Index?
Floor Space Index, also known as Floor Area Ratio, is the ratio between the total constructed floor space and the plot area. A high FSI indicates a dense construction.
What is premium FSI?
There is a permissible FSI extent determined by the government. The authorities permit building over the set FSI limit with an additional fee, which is known as premium FSI.
The premium floor space index in Karnataka is 50% of the guidance value of the additional area that they will construct using the extra space.
Why is it important?
Considering safety and the need for proper ventilation, the government introduced FSI norms and set limits on building activities. It helps regulate the vertical building growth, living conditions & burgeoning population.
What are the benefits?
The benefits of FSI are:
No unauthorised construction.
There is a clear demarcation between construction space and open spaces.
Ensures well-planned buildings.
It helps maintain an equilibrium between sustained, planned and development of a project.
Does it impact property prices?
If the FSI increases, the plot size and the space utilisation also increase. The builder will be able to construct more and sell more units. This way, the property will be considered at a fairly reasonable price.
What is a good floor space index?
The floor space index depends on factors like the city and different areas in the city. The proposed floor space index in Bengaluru ranges between 2 to 5.
