You may have heard of the term FSI, or Floor Space Index, in relation to real estate development and assumed that is industry jargon. But FSI is a critical concept because it determines the total area and number of floors allowed to construct commercial and residential buildings by controlling the density of development and limiting how much area can be built on a given plot of land.
This article will tell you everything about FSI, including its meaning, formula for calculation, and importance.
Meaning of FSI
The FSI full form is the floor space index. The floor space index is the factor that determines the total area of several floors allowed on a specific plot. The developers need to refer to this term, FSI of a specific locality, before constructing residential or commercial buildings.
The FSI term also refers to the floor area ratio imposed by municipal governments in specific cities.
The formula for floor space index
The FSI (floor space index) is the ratio of the total floor area of the building to the total area of the plot. The higher the FSI, the more floors are constructed on a specific land area.
Floor Space Index Formula = Total built-up area (total area constructed) divided by the Total Area of the floor
Also, the total built-up area = Total area of the floor x FSI permitted
Using the ratio of the floor space index, the developers can easily calculate the total floors and area of every floor in a specific location. The floor space index depends on the national building code of India.
The development control and regulation department regulate it. The floor space index is based on various factors. The main factors based on the calculation of FSI are the area of the plot, the size of the plot, and the location.
Floor space index importance
The government controls the floor space index to set limits on the construction of residential and commercial buildings. There is a need for accurate FSI because it ensures the right development of metros in a disciplined manner.
Here are some pointers denoting the importance of FSI meaning:
FSI ensures the ventilations, sufficient space, and sustainability
FSI makes the unnecessary control constructions
FSI ensures the quality and safety of construction
FSI results in the planned and constructive development of cities
Factors involved in determining the floor space index
The FSI calculations are based on various factors like property type, size, location, the width of the road, etc. Here are the important factors that determine the floor space index.
The FSI in India is different for commercial or residential properties. But in some cities, there are the same FSI for both residential and commercial properties.
The FSI is also based on the locations. Usually, the FSI is a higher claim in metro regions. On the other hand, the FSI is lower in rural regions.
Size of plot
The FSI is also based on the plot size. Some municipal authorities offer higher FSI to the great size of plots.
If the plot is adjacent to the road, it will claim the higher FSI. The developers can get the premium floor space index by paying some amount to the government in a given period.
FSI is an important factor to consider by developers; once you know how to calculate how you can easily determine the FSI with the plot size, location, area, and the number of floors.