Regarding real estate development in Hyderabad and urban real estate development, Hyderabad’s real estate industry is active and complex. Various rules, regulations, and guidelines are governed by HMDA and GHMC. Hyderabad real estate in urban development areas includes the Floor space index (FSI) which is also called the Floor Area Ratio (FAR). Let us discuss the FSI rules and impact in detail
What is FSI?
FSI is also known as the Floor area ratio (FAR), which refers to the building’s total floor area divided by the size of the total plot area. If you want to understand in simple terms then how much construction area is allowed to a given plot. In Hyderabad, GHMC manages these FSI rules for residential and commercial buildings and determines the Maximum floor area that can be constructed on the given piece of land.
FSI Formula:
FSI rules in Hyderabad
Hyderabad’s infrastructural development is governed by agencies like HMDA and GHMC. These bodies regulate FSI-based factors in urban Hyderabad construction. Hyderabad has adopted a progressive approach to urban planning, allowing flexible FSI Key Area. Ghmc has acquired various rules and regulations for Hyderabad. FSI has framed the regulations for different types of buildings in Hyderabad. The FSI rules and regulations are required for the development of buildings in the city to be planned and structured. Some of the rules are
- Residential buildings Depending on the type of construction, plot size, and road width the FSI for residential buildings in Hyderabad varies between 1.5 – and 2.5
- Commercial Buildings for commercial buildings in Hyderabad between 3 to 5 depending on the type of activity and road width.
- Industrial Buildings for industrial buildings in Hyderabad are between 1 to 1.5, depending on the type of industry.
- For public buildings in Hyderabad is between 1.5 to 2
GHMC BUILDING Approvals AND RULES
GHMC has framed many rules and regulations for building permissions for Hyderabad to regulate construction activities in the city. These rules control the construction of buildings and other structures in the city. Some key permissions are:
Based on the build-up area GHMC charges the specific fees for granting permissions.
The Ghmc grants permissions to a building for five years, and the building must be constructed within five years of receiving the permission, or else the permission is revoked.
A building’s height is determined by various factors, such as the width of the roads, the setback, and the use of the land.
Also, GHMC mandates that certain areas of the total plot should be left open for landscape.
There is also relaxation offered by GHMC on FSI for certain categories of buildings like government buildings, and educational institutions. It may also vary from location to location.
The city is divided into different land zones and each land zone has a different set of regulations and FSI limits that need to be followed while calculating FSI. Residential zones are categorized into 3 – Residential Zone R1, Residential Zone R2, and Residential Zone R3 according to the HMDA master plan 2031.
R1 zones are borders of the growth corridors, for example, ORR and RRR are considered as the growth corridors. R2 zones have height restrictions and vary from the width of the abutting roads. Here areas R2 zones don’t share with urban areas. R3 zones the remaining urban areas and surrounding areas that are not marked for R1 and R2 fall under the R3 zones.
How FSI affects the property value
Due to the importance of FSI, the real estate value in Hyderabad has increased. Property values increase significantly when the floor space is higher. Construction costs are low, but there is a greater availability of land. Not only is FSI responsible for the price, but amenities, and location play a crucial role as well.
Conclusion
Before buying the property a buyer should consider many factors like amenities, accessibilities, location, and FSI for the long-term implications of buying a property with a higher FSI. The higher the FSI more unusable space with attractive to buyers it does not include better quality construction but a more desirable location.
