Aurangabad, Dec 22:
The State Government has given a relief to the construction and real estate sector, the field facing many issues along with setback caused by Corona, by introducing new Unified Development Control and Promotional Regulations (UDCPR), said vice-president CREDAI, Aurangabad Ar Nitin Bagadia.
Speaking to LT, he said the main feature of the regulations is increase in permitted index space in addition to separate ancillary index. So, in Aurangabad if any construction is to be undertaken at plot on 24 metres road, basic FSI 1.1, premium 0.5, TDR 1.1 (all including 2.5) will be given. Add to it 60%, means 1.5, ancillary index and total 4 FSI will be available. It means one can have four times construction area of the plot area. This will help greatly to bring the dream of affordable houses to reality.
Local and foreign investors, builders, architects, construction advisors will get much benefits and opportunities. Slum rehabilitation, with new 4 per cent FSI, will be accelerated and cities would look beautiful. It will encourage star hotels, tourism and agro projects and strengthen the economy.
Under P Line concept, the area of terrace, cupboard, passage will be counted in index and bring transparency in transactions. One has to get additional FSI from local body by payment of fees, so it will increase income of the local civic bodies.
The small flats projects and affordable housing projects will get FSI by premium at 15% rate on the basis of width of roads and houses would be more affordable. Now, development projects of old apartments, tenant residential complexes will be more viable as they would get additional FSI.
There will be no need of construction permission on 150 sq. mtr plots and the plots with 150 to 300 sq. mtr will get the permission within ten days. The acknowledgment of submitting map and payment of fess will be sufficient.
These new regulations will benefit Aurangabad to a great extent. Businessmen, investors, builders will create big employment and contribute greatly to make Aurangabad a metro. Aurangabad Municipal Corporation is going to get C category like Nagpur and Nashik and then there will be no limit to heights of buildings here.
After completion of formalities under section 37, these regulations will be made applicable for Cidco also. Thinking about Aurangabad, it will be applicable to Cidco N-1 to N-12, Cidco Mahanagar one to four, Municipal Corporation, Metro City Authority, all areas except MIDC.
On acquisition of private property for public purpose, the owner will get Reservation Credit Certificate. However, to obtain all these benefits without any obstacles, it is very much necessary to bring uniformity in development rules of Municipal corporation, Cidco and Aurangabad Metro City Authority. To give free hold status for Cidco properties or to hand the area over completely to Municipal corporation or Metro City Authority and to include Waluj and fringe areas in city limits are necessary issues. Uniformity in rules, single window facility for all permissions are necessary. If officials concerned and public representatives take it seriously, Aurangabad would fly towards progress speedily.