Developers seek CMDA clarification on FSI concessions along metro corridors

Credai Chennai has requested the CMDA to clarify eligibility for 50% concessional Premium FSI charges for projects partially located within 500 meters of metro corridors. Developers argue that current uncertainty regarding site coverage and road access is causing significant delays in project approvals.

The association has urged the authority to ensure uniform interpretation of the Transit-Oriented Development policy. They requested that concessions not be denied based on road frontage location and that the clarification apply to all pending and future planning applications to streamline development.

Source: Times of India - Chennai