What is fungible FSI?

Fungible Floor Space Index (FSI) is the additional floor area developed by the builder over and above the FSI limit set by the government. Typically, the built-up area is the space covered by all the floors in a building and is primarily dependent on the Floor Space Index (FSI).

What is a fungible area?

Fungible area is the additional permissible constructed area such as flower beds, terraces, voids and niches).

Is balcony included in FSI?

Exterior spaces, balconies, patios, parking, walkways and driveways that are covered, attics and outdoor sports courts, are not included in the gross floor area.

What is fungible FSI for new residential development?

According to the new DCR Amendments, Balconies, Flower Beds, Terraces, Voids and Niches would now be counted in the Floor Space Index (FSI). To compensate for the loss of free-of-FSI areas, Fungible FSI to the extent of 35 per cent for Residential Development and 20 per cent for Industrial and Commercial Developments has been allowed with premium.

Which is the fungible FSI rate in Mumbai?

Fungible FSI would be available at 60 per cent premium for Residential, 80 per cent for Industrial and 100 per cent for Commercial at the Ready Recknor Rates (RR Rates) which are revised from this January 1st, 2012 ranging between 5 per cent and 30 per cent in 716 zones of Mumbai.

When was fungible FSI added to the DCR?

The concept of ‘Fungible FSI’ was amended in the new Development Control Regulations (DCR) in 2012, wherein the areas such as balcony, flower beds, terraces and niches were included under the FSI. To compensate the builders for the loss, the government made a provision of additional built-up space in lieu of a premium.

What is the definition of fungible floor space index?

What is Fungible FSI? Fungible Floor Space Index (FSI) is the additional floor area developed by the builder over and above the FSI limit set by the government. To know more about fungible FSI and the norms governing it, read further.