Both investors and owners of buildings alongside Bus Rapid Transit System (BRTS) corridors will soon have a reason to rejoice. Due to high density development and thus an increase in demand of real estate on both sides of BRTS corridors,the AMC has proposed to allow taller buildings with almost double Floor Area Ratio (FAR) (FAR = total covered area on all floors of all buildings on a certain plot/area of the plot).
Referring to an increase in land prices on both sides of BRTS corridors,municipal commissioner Guruprasad Mohapatra said,Development,be it real estate,residential or commercial,follows facilities of modern public transport system including BRTS and metro. Due to land scarcity,this development has to be vertical. Thus,a proposal to increase the FAR along BRTS corridors has been mooted and sent to the state government for approval.
It is proposed to double the existing FAR that is around 1-2 on the corridors to 4. The proposal has been sent to the state urban development department. Though the nature of building will decide the approval of increasing the height. This will depend upon positioning of building on the earthquake zoning maps and also environment clearance pertaining to soil type and its year of construction.
The Ahmedabad Janmarg Limited (AJL) is aiming to finish the planned and approved 85-km long stretch of BRTS corridor in the city by early next year. Further,by the end of 2014,the proposed total network of BRTS corridors is 135 kms.
Already with the construction of BRTS corridors,real estate prices have shot up. With further expansion and ongoing construction on some routes including Iskon-Bopal,Nehrunagar-Ellis Bridge,AEC-Sola,Kalupur-Naroda,in the city,prices are further expected to appreciate. Recently,the much awaited service between Nehrunagar to Iskon has been inaugurated which is already a hit among commuters.
With the recent hike in fuel prices,commuters have shifted to this affordable public transport system available in the city. Further,to increase the popularity and usage of public transport system in the city,the AMC has proposed to offer access of a public transport system to residents within every 500 metres.