@Aptwincities@AsblIndia Is FSI the whole answer to affordability? No. But asking why FSI exists while ignoring what happens without it is like blaming the ambulance for the accident.
@Aptwincities@AsblIndia On infrastructure, Hyderabad's model isn't actually unlimited. It's road-width based. Wider the road, higher you can build. The infrastructure capacity is built into the permission itself.
@vijaykrishna63@AsblIndia Prestige, My Home, Aparna and many more built here basis the same policy. Same documents same policy,
If 15+ developers all made the same bet, it wasn't insider info it was just good reading of public policy.
@vijaykrishna63@AsblIndia GO Ms. 168 was passed in 2012. HMDA Master Plan 2031 is a public document. These aren't private memos they're gazette notifications that every developer, investor, and urban planner in Hyderabad had access to.
@saikumarnumb@AsblIndia So the full FSI upside doesn't get bid into land price, builders have to account for what it costs to actually build those floors. Tokyo has been doing this for 30 years. Most liveable city in Asia. Land is expensive but flats /condos not that much.
@saikumarnumb@AsblIndia That ₹150Cr is split across 2x the flats.
You paid more for the land. But each flat is carrying less of that cost. Construction cost is the variable that breaks the 1:1 relationship. Every extra floor you build costs extra money.
@p_sravan@AsblIndia The mistake is the way we are measuring land price. The right number is land cost per sq.ft built. That's what is passed to end user. That number goes down with higher FSI. Always.
@p_sravan@AsblIndia Actually the opposite happens. Yes, higher FSI increases land value, it increases buildable area even more.
Ex: Land doubles in value from ₹50Cr -₹100Cr. But FSI lets you build 3x the units on it. Your land cost per sq.ft just fell even though the land got more expensive.
@Pabba_Varun@AsblIndia Without FSI freedom, your flat would have absorbed that full 4x land cost jump. With it, builders could spread that cost across more units.
@Pabba_Varun@AsblIndia 2019: Hyderabad land ₹50,000/sq.yd
2024: Same land ₹2L/sq.yd
Land got 4x expensive. But your flat didn't get 4x expensive. Why?
Because more sq.ft got built on the same plot. The land cost per flat was diluted by higher FSI.
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