What is FSI?
FSI Abbreviation - floor a space index
Also referred to as FAR
(ground area ratio).
In simple terms, FSI is the
maximum allowable floor area that a builder can build on a specific land |
plot.
FSI is the ratio of the
floor area of the building to the available land area. The FSI varies from municipality
or city. It may have different bylaws and consequently different values.
Depending on the FSI / FAR value allowed
·
Size of Site.
·
Property Adjacent To
Roads.
·
Type of Building
(Commercial Building, Residential Apartments, Etc.).
·
Electricity, Water and
Sewerage Availability.
Floor Space Index Formula
How is the floor space index
calculated?
Floor Space Index =
(Total Covered Area of All Floors / Plot Area)
How to Calculate FSI?
Assume you have a land of 1000 sq. ft and you want to
construct a building on that land.
First
of all, you have to identify your building types, it may be
1. Residential (Scheme area)
2. Residential
(City area)
3. Industrial
(Scheme area)
4. Commercial
(Scheme area)
Let’s assume, we are going to construct a residential (city
area) FSI is 4 for a building. (The FSI varies from municipalities or cities)
Floor
Space Index = (Total Covered Area of All Floors / Plot
Area)
Total Covered Area of All Floors =
FSI x Plot Area
Therefore,
1000 x 4 = 4000 ft2 of floor covered area on
your land.
It
can be 4 floors per 1000 square feet or 8 floors per 500 square feet without
affecting other municipal rules (minimum plot area, front, rear, side and setback,
parking space).
What Is Premium FSI?
If the FSI limit in your city is low and you want to
increase the FSI limit, there is an option, it is called Premium FSI.
Therefore, if you wish to increase the limit of
allowable floor space index (FSI) for your project, you will have to pay
additional fees to the local authority as premium FSI funding. But, you will be
eligible for this option if you land, the length of the road must be at least
30 feet.
30 – 40 Feet Road
Width |
20 % Premium FSI |
40 – 60 Feet Road
Width |
30 % Premium FSI |
More than 60 Feet
Road Width |
40 % Premium FSI |
.
For example, if your land has a roadside length of 30-40
feet, you can use the 20% premium FSI option, i.e. build 20% more than the
permitted FSI.
Let
Take another example,
If
you have 1200 square feet of land near a 32-foot road (residential (urban area)
FSI 4), you can get 20% of the premium FSI (Floor Space Index) by paying the
premium. So,
Built-up
area = 1200 x Normal FSI x Premium FSI %
Built-up
area = 1200 x 4 x 20%
Built-up area = 960 Sqft
Uses of FSI In Building Construction
The FSI or FAR determine the value of land in an area.
It helps to find the allowable dimension of lands such as size and width so that
it can be used to know how much land can be used. The FSI value is not the same
everywhere, it varies from municipalities or cities
If the government increases
the FSI or FAR values, the chances of getting better utilization, housing
stock, and space also increase. Ultimately, all of this contributes to the
price of the property.
This is because, if the
contractor builds more, the builder will sell more, thus charging them a
reasonable fee from the home buyer.
It allows you to build the building according to the
rules and regulations. If you first know the floor space schedule and prepared a House plan using it NOCs will not be questioned.
FAQs
What
is Paid Floor Space Index?
if a builder or contractor wants to increase their FSI
limit, they have to pay some funds to the municipal organization so they can
get an additional plot area it’s called paid FSI
What
Is Premium FSI?
If the FSI limit in your city is low and you want to
increase the FSI limit, there is an option, it is called Premium FSI.
What
Is 2.5 FSI?
If the FSI is 2.5, a builder with an area of 1,000
square meters can build 2.5x1,000 square meters or 2,500 square meters.
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