Understanding Mysore’s Floor Space Index (FSI) and Its Real Estate Implications

Mysore, the cultural capital of Karnataka, has witnessed a phenomenal growth in its real estate sector in recent years. One of the key drivers of this growth has been the Floor Space Index (FSI) - a crucial parameter that determines the permissible built-up area on a given plot of land.

FSI is a regulatory tool used by the government to control the density of construction in a particular area. It is calculated by dividing the total built-up area of a building by the total area of the Plot on which it stands. In simple terms, FSI determines how much construction is allowed on a particular piece of land.

In Mysore, the FSI ranges from 1.5 to 2.5, depending on the location and type of development. For instance, FSI for residential buildings is usually lower than that for commercial or industrial developments. This means that a developer can build up to 2.5 times the area of the plot, subject to certain conditions and regulations.

The implications of FSI on the real estate market are significant. A higher FSI means that developers can build more on a given plot, which in turn, increases the supply of housing and commercial spaces in the market. This can lead to a reduction in property prices, making it more affordable for buyers and investors.

On the flip side, a higher FSI can also lead to overcrowding, increased traffic congestion, and environmental degradation. It can also put a strain on the existing infrastructure and utilities, such as water supply, sewage, and electricity.

To balance these competing interests, the government of Karnataka has come up with a set of guidelines for FSI, which takes into account the carrying capacity of the area, traffic flow, environmental concerns, and other factors.

For instance, in the Central Business District (CBD) of Mysore, the FSI is restricted to 1.5 to prevent overcrowding and traffic congestion. On the other hand, in areas with good connectivity and infrastructure, such as the Outer Ring Road, the FSI is higher at 2.5.

In conclusion, understanding the FSI is crucial for anyone looking to invest in the real estate market in Mysore. As a buyer or investor, one should be aware of the FSI in the area and its implications on the supply and demand dynamics of the market. As a responsible citizen, one should also support sustainable and equitable development, which takes into account the environmental and social implications of FSI.