Mumbai: Chief Minister Prithviraj Chavan seems to have given GVK a parting gift of 200 acres in the form of additional floor space index (FSI), before the state goes into poll mode to decide the next government. A notice was issued in this regard in all newspapers yesterday, stating that an additional global FSI of 1 was being allowed over and above the maximum permissible FSI limit of 4. 10 per cent — 200 acres — of the overall 2,000 acres of land near Chhatrapati Shivaji International Airport (CSIA) is available for real estate development to GVK.
The company, which constructed the swanky Terminal 2, had earlier received an FSI of 4, allowing it to construct up to four times the 200 acres. Now, with this additional global FSI, the company will be able use five times — 1,000 acres — the space to monetise the expenses it incurred in construction of the airport.
The notice was accepted by the CM-headed urban development department on September 9, and a public notice was issued in newspapers yesterday.
The notice clearly mentions that the extra FSI was granted on the basis of a request from Mumbai Airport International Ltd (MIAL), a joint venture between a GVK-led consortium and the Airports Authority of India.
13/09/14 Varun Singh and Neha Tripathi/Mid Day
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The company, which constructed the swanky Terminal 2, had earlier received an FSI of 4, allowing it to construct up to four times the 200 acres. Now, with this additional global FSI, the company will be able use five times — 1,000 acres — the space to monetise the expenses it incurred in construction of the airport.
The notice was accepted by the CM-headed urban development department on September 9, and a public notice was issued in newspapers yesterday.
The notice clearly mentions that the extra FSI was granted on the basis of a request from Mumbai Airport International Ltd (MIAL), a joint venture between a GVK-led consortium and the Airports Authority of India.
13/09/14 Varun Singh and Neha Tripathi/Mid Day
