Thursday 23 February 2017

New Development Control norms to transform the Pune’s Skyline



http://www.propchill.com/projectlist/real-estate-property-in-pune

The new DC norms in the Pune provides increased floor index in old gutted and transit-oriented development (TOD) zones. The announcement will serve dual purpose-resolve the incessant traffic problem and cater to the rising urban housing demand.

The State government’s commitment to increase FSI along the busy routes of Pune city has made both developers and the home buyers happy. As per the new norms of the DC, a minimum FSI of 1.5 has been granted for the areas where road width is 9 mtrs. The most active localities in the city along the metro corridor and bus rapid transit have bagged a maximum FSI of 4. The areas which have roads with 30 mtrs width and more have received a FSI of 3.

This development will surely help the Property in Pune to grow. The old congested areas of the city that will come under its ambit are- 17 Peths and micro-markets such as Karve Nagar,Senapathi  Bapat Road, FC road JM road and Laxmi Road. There are several properties in the area which are made in old bungalow and wada’s style. The newly formed regulation extends a provision of the redevelopment of these old structures into luxury flats in Pune. In addition, the new norm has a provision which allows that any building which is older than 30 years can be revamped. But, the new regulation allows only small tenements that are proposed with a built-up area ranging from 27 sq feet to 1300 sq Ft.

There huge demand of housing properties in Pune. So, this new regulation will also help in reducing the traffic congestion in the city as the FSI permitted in these areas are as per the width of the road. The increased densification would lead to a higher influx of the humanity and more vehicular traffic on road. So, as per this new policy area with narrow roads are granted lower FSI and localities with wider roads are permitted FSI as high as 4.

Currently, Pune infrastructure is reeling under immense pressure. However, it is equally important the housing development is carried out with a sense that does not disrupt the traffic flow. With this new announcement, the Pune city will grow in a different manner which will increase housing options at the same time the life of the city dwellers will also improve who have been suffering from high traffic congestion.

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