Floor Space Index( FSI) or Floor Area Ratio (FAR) is the ratio between the total built-up area and the size of plot. It can be expressed in % or number. In MIDC Maharashtra it is called as FSI and expressed in number. i.e. 1.0 is termed as 100% = Size of the plot For MIDC Leasehold land, the Permissible FSI & additional FSI depends on the type of Land and its usage i.e. Industrial, Commercial, IT / ITES etc. In other words FSI for Industries in Maharashtra differs from Commercial activity.
FSI for Industries in Maharashtra
Permissible FSI is 1.0 in Developed Areas & 1.5 in proposed developed, redeveloped or partially developed in terms of infrastructure less than 50% of the Notified area. Addition FSI up to 0.5 can be purchased from MIDC by paying a premium amount @ 25 % of prevailing ready reckoned rate. (Required FSI X 25% of MIDC Industrial Rate). Please refer MIDC Circular No A65142 dated 10 March 2014 for more details.
FSI Available to IT/ITES
Permissible FSI is 1.0. Additional FSI up to 2 (0.5 from MIDC and 1.5 from Urban Development Department) can be purchased by paying a premium amount @ 30 % of the prevailing ready reckoned rate. (Required FSI X 30% of MIDC Industrial Rate). Please refer IT & ITES Policy- 2015 of Maharashtra and MIDC circular No. 1366599 dated 21 October 2015.
FSI Available to Hotels
Hotels fall under Commercial activity. Permissible FSI for a hotel on MIDC Plot is 1.0. Addition FSI up to 1.0 can be purchased from MIDC by paying 40 % premium of the prevailing ready reckon rate for 2 to 4 Starred and 50% premium of the prevailing ready reckon rate for 5 Starred category hotels. Please refer MIDC Circular No. A84481 dated 21 March 2016 and 303256 dated 06 April 2016 for more details.
FSI Available to Residential
Permissible FSI for a residential on MIDC Plot is 1.0. Addition FSI up to 0.5 can be purchased by paying 30 % premium of the prevailing ready reckoner rate. Please refer MIDC Circular No. B66599 dated 21 October 2015 and A84481 dated 21 March 2016 respectively for more details.
FSI Available to Educational Institute
Permissible FSI for educational institute on MIDC Plot is 1.0. Addition FSI up to 1.0 can be purchased by paying premium of 20 % for Primary and Secondary School, 30% for College & Educational Institutions & 10% for Special Educational Institution for physically handicapped / Mentally ill of the prevailing ready reckoner rate. Please refer MIDC Circular No. A84481 & 303256 dated 21 March 2016 & 06 April 2016 respectively for more details.
FSI Available to Medical Institution
Permissible FSI for a residential on MIDC Plot is 1.0. Additional FSI up to 1.0 can be purchased by paying premium of 30 % for registered Public Medical Trust and 40% for Private Medical Institutions of the prevailing ready reckoner rate. Please refer MIDC Circular No. A84481 dated 21 March 2016 and 303256 dated 06 April 2016 respectively for more details.
Ground Coverage and Height of the Building
The MIDC normally allows maximum 50% of the ground utilization on its plot. There is also restriction on the height of the Building. The height exceeding 5 Mtrs would consume additional FSI. For details please read DC rules.
However, Data Centres and Pharma Industries required minimum floor height requirement is more than 5 Mtrs. hence Floor height more than 5 Mtrs. is allowed without counting extra height area in FSI and without charging of premium. Please refer MIDC Circular No. D58870 dated 16 October 2017 for more details.
MIDC Enhances Utilisation of Minimum FSI to 40%
The MIDC has set policies for proper utilization of the plots given for the Industrial use. As per the current policy of the MIDC, the plot holder must utilise minimum 40% of the FSI within the stipulated time frame. The MIDC would charge penalty or take the surplus land back in case of non utilisation of FSI with in stipulated time frame. The MIDC has temporarily exempted the Plot holders who have utilised minimum FSI and gone into production prior to issuance of the new policy. But all new allottee would have to consume minimum 40 % of the FSI. To know the salient features of various policy guidelines of MIDC on minimum utilisation of FSI please Click here.
Higher Transfer Charges of MIDC Plots if minimum FSI not consumed by the Plot Holders
Due to unavoidable reasons, if the plot holder of MIDC plot is not able to carry out its activity and wants to transfer the lease hold rights of the same to any third party, the plot holder is required to pay the transfer charges of 10% or 30% of differential premium depending upon the utilisation of FSI. To know the salient features of transfer guide lines on transfer charges please Click here
ASCC as Industrial Consultant
The Purpose of writing this document is to share our knowledge in the form of salient features with the readers. You may kindly go through the relevant MIDC circular to know the complete details or get in touch with our company for guidance if any.
ASCC is a trusted brand in the industrial consultancy since 2004. ASCC provides ONE STOP SOLUTION to all Industrial real estate requirement and management of compliances. Please get in touch with us in case you have any requirement of Industrial Real Estate (Buy- Sell – Lease) or Management of Compliances.
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