The Maharashtra government has approved the Transit Oriented Development (TOD) zone for the Hinjewadi to Shivajinagar metro line and has invited suggestions and objections from residents. The state government has declared the 500 metre radius area from metro station as the TOD zone where developers can use additional floor space index (FSI) to increase population density.
Maximum four FSI has been allowed in the TOD zone which means anyone having a land plot in TOD Zone can construct a property with floor area four times the area of plot. The state had earlier approved the TOD policy for Vanaz to Ramwadi route and Pimpri-Chinchwad to Swargate metro lines.
“Most of the part of Hinjewadi-Shivajinagar line is falling in Pune Municipal Corporation (PMC) area and some part from Balewadi-Hinjewadi is under Pune Metropolitan Region Development Authority (PMRDA). The state released the notification as the revenue generated through this corridor would be shared by both the organisations and would be used for developing metro and transport related works. As the TOD zone has been declared, both the organisations would get more revenue through premium for additional construction.”, shared a PMC Official.
Earlier, it was proposed that additional FSI would be allowed on both sides of the metro corridor, but instead of the corridor, the state has approved TOD zone in the 500 square metre radius area of the metro stations, which makes more sense. As, access to the metro rail is effectively from a station.
The town planning director has invited suggestions and objections and residents can do it within a month from the publication of the advertisement.