Hello,
My family owns a cessed building (constructed prior 1940) in the J.J. Hospital area. The area of the plot/ land is 220 sq meters. Already constructed area on ground floor (commercial) is 190 sq mt, on first floor (residential) is 190 sq mt, on second floor (residential) is 190 sq mt, on third floor (residential) is 190 sq mt. Totally we have 10 commercial tenants and 22 residential tenants.
My questions are as follows :
1. What is the prevailing F.S.I. for this area? Is it 2.5 or 3? Internet sources are confusing.
2. If I go in for redevelopment how much incentive F.S.I. will I get for further construction after rehabilitation of additional tenants? How many additional sq meters can i construct on the plot.
3. If we were to give construction contract to a builder, what is the rate of compensation he would expect?
Please respond at the earliest.
Zeenat.
