What is FSI?

What is FSI in Real Estate? or what is FSI in Construction?Floor Space Index (FSI) means the quotient of the ratio of the combined gross floor area of all floors excepting areas specifically exempted under these Regulations to the total area of the plot. Or in other terms is the ratio between the Built up Area allowed and plot area available. Like if FSI is 1 then on a plot of 200 sqmts, one can build 200 sqmts of built up area and with the setbacks and open spaces, the building can be higher than one floor. It means that higher the FSI, higher built up area.FSI calculations are primarily based on the above mentioned parameters which make it easy to evaluate the allowed construction space. The calculation of FSI is of utmost importance since it keeps a check on the required green space within the city.Putting it down as a formula,FSI= (Total area of all the floors of a building) / area of plotThus if the FSI is 2.0 then it indicates that total floor area is two times the area of the plot on which it has been constructed.Floor Area Ratios are primarily used to measure the intensity of development on a particular site. When the building area gets divided by the parcel area, the result obtained is nothing but the FSI. At times the floor space index is restricted in special zones in order to prevent construction in the reserved areas. The Floor Space Index tends to vary from city to city. For example, the FSI of Pune is slightly higher in comparison to those of the tier-II pr tier-III cities of India.Apart from this there are various other parameters that go into the calculation of the FSI like allotted parking space, governing Municipal Corporation and many others. However in order to keep a check on illegal constructions, an upper limit on the FSI has been imposed by the State Government.In the Metropolitan cities, there is a curb on the increase of FSI to avoid space congestion. Residential as well as commercial properties are allowed only a permissible FSI. Exceeding which will incur penalties and strict actions from the Development Authorities of the City.

Also Read FSI Hike in PuneHere

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