New norms put ceiling on affordable houses: Gihed

by Paul Joseph on February 14, 2013 · 0 comments

AHMEDABAD: When the state urban housing and urban development department offered the much-awaited concessions in FSI rates for affordable houses along SP Ring Road on Monday it clearly spelt out that it requires funds for basic infrastructure for the high-density residential zone planned. The requisite funds would be raised by sale of FSI. Realtors on the other hand are not happy with the government proposals. They say that houses would not come as cheap as expected, given the high cost of land. Gujarat Institute for Housing & Estate Developers (Gihed) president Rishab Patel says, “The two FSI rate slabs – 10 per cent of Jantri rate for housing up to

[via India Properties – Real Estate India – Indian Property News Site]

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