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Mumbai needs to review FSI policy: Maken

Posted on Feb 05, 02:45PM | UNI

Mumbai, Feb 4 : Union Minister for Housing and Poverty Alleviation Ajay Maken today recommended that the megacities like Mumbai need to review their floor space index (FSI) policy for encouraging the affordable housing.

While addressing the international meet on 'Governance of Mega City Regions' organised by the Confederation of Indian Industry (CII) in partnership with Centre for Policy Research (CPR) here, Mr Maken said 'About 50 per cent of population in Mumbai stays in slums. In cities like Delhi also, about 84 per cent of homeless people are self-employed and contributes towards the economic growth. Since they live close to their workplaces and are an integral part of the India's urbanisation story, irrespective of the location categories we need to create affordable housing even in the premium locations of mega cities. It is required to bring these service providers nearer to the service consumers."

'There is a need to review the FSI policy and make appropriate changes to boost the affordable housing in Mumbai. The state is the responsible authority to do so and in our opinion it should consider this option,' he suggested.

About the initiatives at the Central level, Mr Maken stated that the policy for providing 'Infrastructure Status' to the affordable housing schemes is on the cards to improve the urban housing scenario.

'This can be treated as a sub sector of real estate and at least,this sub sector can be given the infrastructure status,' he said.

Earlier, inaugurating the Conference, Adi Godrej, president of CII, said 'India has witnessed a rapid urbanisation in the last two decades. The urbanisation is further going to increase over the period of time. India would need USD 800 billion in the coming years towards urban development and out of which USD 350 billion would go towards building urban roads. Administrative reforms, urban service delivery reforms and many more such initiatives are the need-of-hour and that will be at the core of discussion during this two-day conference.'

In his inaugural remarks, K C Sivaramkrishnan, chairman of CPR, said 'Urbanisation has become social, political and economic reality. Megacities contribute about 14 to 36 per cent of GDP to their respective States. The urban centres have also become very critical in deciding the political leadership at the state and central levels."

He added that there cannot be a permanent solution to the urban development challenges and hence, a periodic review is necessary.