Govts unified DCR to boost real estate sector Highlights of unified DCR ? Concept of Common area FSI is introduced in Unified DCR. ? Residential users - 60% Common Area FSI ? Commercial user - 80% Common Area FSI. ? For construction of flat of size 30 to 50 sqmts no need to buy TDR / additional FSI. ? Built-Up Area above 150 mts of building height will not be counted in FSI . ? Uniform Parking requirement proposed for entire Maharashtra. ? For development of plot of 150 sqft no formal permission is required from Corporation/ Councils . ? To boost tourism DCR allows 3 FSI to starred hotels tourism projects in developed area on agriculture land the FSI will be 1. By Vikas Vaidya : THE then Devendra Fadnavis Government in Maharashtra had assured that Unified Development Control Regulations (UDCR) would boost real estate sector. Fadnavis had signed the document in November last year which was to be released immediately. Meanwhile the Government changed and release of the document went into list of pending items. Now almost after a year Minister of Urban Development Eknath Shinde part of Uddhav Thackeray-led Mahavikas Aaghadi Government after a deep study made some changes and brought the UDCR. New rules will cover entire Maharashtra except Mumbai municipal limit and certain areas as they are special planning zones. Special Planning Zones always have their own set of development control regulations (DCR). It is applicable to all Municipal Corporations/councils and Regional Plans of Maharashtra except Mumbai SPA (special Planning Authorities) like NAINA MSRDC Hill Station Councils etc. According to new rules plinth completion certificate is not required. The plinth completion certificate from Architect/ Surveyor will be acceptable. Inclusive Housing will be applicable only to Municipal Corporations with population more than 10 lakh. The points in the DCR are so competitive that for foreign investors it would offer ease of doing business. As per new Unified DCR the permitted FSI has been increased. For example for the road with a width of 30 meter and more than that the basic FSI will be 1.10 premium FSI will be 0.50 and Trasferable Development Rights (TDR) will be 1.40. It means for the 30-meter wide road the FSI will be 3. Apart from that it will have Auxillary Area FSI because of which despite more built up area there will be control on the price of the property. There is a good news for the developers in Nagpur Nashik Pune Pimpri Chinchwad as there will be no limit to the height of building here. In other municipal corporations the limit will be of 70 meter while in municipal councils regional areas the limit will be of 50 meter and everybody will have to procure No Objection Certificate (NOC) from Fire Department. This DCR has ended the existence of High Risk Committee. Anybody doing the construction work on the land admeasuring upto 150 square meters will not need to take permission. These plot holders will pay the necessary development fees and will submit the map with line plan to authority. The receipt he or she would receive will be considered as the permission. This will give major respite to the people as they dont need to take the permissions. Those having land upto 300 sq meter will get all the permissions within 10 days. There are certain provisions made in this DCR that would benefit the middle class as they can have their own sweet home in less price. People willing to construct house on 30X50 square feet carpet area will get the benefit of a rule wherein the owner has to pay potential 15% premium for basic FSI plus premium FSI and TDR.

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