Sunday, July 22, 2018

Chennai Metro Rail corridors set for vertical growth

CHENNAI:
Tamil Nadu government is planning vertical growth of Chennai as it plans to increase the floor space index, the ratio of land area to built up space, along the Chennai Metro Rail corridor.

This was disclosed by Deputy Chief Minister O Paneerselvam after inaugurating Statecon 2018 organised by Confederation of Real estate Developers Association of India (CREDAI).

His statement comes as the Chennai Metropolitan Development Authority is set to notify national Transit Oriented Development Policy and make it part of the master plan. 

TOD promotes densification in the influence area by providing higher Floor Area Ratio (FAR)/ Floor Space Index (FSI) and higher population and job density as compared to the area around and beyond the influence areas. To ensure sustainable development, the minimum FAR should be 300 - 500pc, and can be higher, depending on the city size. This will promote higher concentration of people within the walking distances of transit station, thereby increasing the ridership of the public transport and resulting in increased fare revenue, pollution and congestion reduction.

It is learnt that Chennai Metro Rail Ltd. (CMRL) has been battling with the Chennai Metropolitan Development Authority (CMDA) for years to increase the Floor Space Index (FSI) where the Metro rail would ply. The current FSI stands at 1.5.

As per national TOD policy, the cities should fix a minimum percentage (30% or higher) of allowed FSI for affordable housing (for example up to 60 sq.mt. area) in all development/redevelopment in the influence zones.
Housing in the influence zone should have a mix of all economic groups. The development control regulation should stipulate housing for Economically Weaker Sections (EWS) as well as low income or middle income groups, or other
types based on Census definition, in the influence area to give an opportunity to the people who depend on public transport for daily commuting to live in walkable neighborhoods.

No comments:

Post a Comment