In real estate, the Floor Space Index (FSI) or Floor Area Ratio (FAR) is a measurement of the ratio of a building’s total floor area to the size of the piece of land upon which it is built. In other words, it is a measurement of how “built out” a piece of land is with a structure. The term is most commonly used in reference to zoning regulations. A property’s FSI or FAR designation can significantly affect its value and development potential.
What is FSI or FAR- floor space index and its value
- The floor space index (FSI) or floor area ratio (FAR) is the ratio of a building’s total floor area to the size of the land parcel on which it is built
- The term is most commonly used in reference to zoning regulations that govern the maximum amount of floor area that can be built on a given lot
- The FSI of a building is calculated by dividing the total floor area of the building by the size of the land parcel on which it is built
- In many cases, the FSI is expressed as a ratio, such as 10:1 or 100:1.The value of the FSI depends on a number of factors, including the type of building, the zoning regulations of the area, and the market conditions of the area
- In general, a higher FSI indicates a more valuable piece of property.
What is FSI or FAR and its rule and regulation
- The Federal Student Aid (FSA) office is responsible for overseeing the administration of student financial assistance programs authorized under Title IV of the Higher Education Act of 1965 (HEA)
- These programs provide grants, loans, and work-study funds to eligible students attending participating colleges and career schools
- FSA also ensures that these institutions uphold the highest standards of accountability and stewardship over the federal student aid funds they receive.
- The Higher Education Act of 1965, as amended, establishes a statutory formula for the distribution of Federal Student Aid (FSA) funds to eligible students attending eligible institutions of higher education (IHEs)
- This formula is known as the Federal Student Aid Funding Formula, or the Federal Aid Ratio (FAR).
- The FAR establishes the relative share of FSA funds an IHE receives based on the number of its full-time equivalent (FTE) students and the type of its programs
- The FAR for an IHE is determined by multiplying the IHE’s FTE count by aFixed-Percentage Factor (FPF) and a Variable-Percentage Factor (VPF).
- The FPF is a < 0.80 for public IHEs, a < 0.50 for private not-for-profit IHEs, and a < 0.30 for private for-profit IHEs
- The VPF is established each year by Congress and is currently 1.00.The Federal Student Aid Funding Formula is:
FAR
How we calculate of FSI of city ?
- The Floor Space Index (FSI) is the ratio of the total built-up area to the total plot area
- It is an important parameter to gauge the density of construction in an area
- A higher FSI indicates a greater intensity of construction and vice versa.FSIs are typically calculated for land use zones in a city or town
- The formula for calculating FSI is:FSI = (Built-up area / Plot area) x 100
- FSI can also be expressed as the number of floors that can be built on a given plot of land
- For example, an FSI of 2.0 means that 2 floors can be built on a given plot of land.The maximum FSI that is permitted varies from city to city and is usually stipulated in the development regulations of the concerned municipality
- In some cases, the maximum FSI may be exceeded by paying a premium to the municipality.
What is premium FSI ?
- Premium FSI is a designation given to full-service restaurants that have an extensive wine list and offer their patrons extensive wine education
- A premium FSI establishment must have a knowledgeable staff that is able to guide patrons through the wine list and educate them on various wine styles and regions
- These restaurants typically have a high-end atmosphere and offer a well-rounded dining experience.
Conclusion
The Floor Space Index (FSI) or FAR (Floor Area Ratio) is a parameter thatAvailable permissible construction area on a given plot is defined by various state governments in India. Mumbai has the highest FAR of 1.33.
A very high FSI allows builders to construct more on a given land. This results in high-rise buildings and ultimately results in building a concrete jungle. A concrete jungle does not have any greens and results in a very high heat island effect.
Hence, it is important to have a regulation on the maximum FSI that can be utilized on a land.
Frequently Asked Questions
What is the Floor Space Index (FSI)?
The Floor Space Index (FSI) is the ratio of a building’s total floor area to the size of the land parcel on which it is built. The term is most commonly used in reference to zoning regulations that govern the maximum amount of floor area that can be built on a given lot.
What is the purpose of the Floor Space Index (FSI) or FAR?
The Floor Space Index (FSI) or FAR is a parameter that determines the amount of floor area that can be built on a given land parcel. The term is most commonly used in reference to zoning regulations. A property’s FSI or FAR designation can significantly affect its value and development potential.
What is the Floor Space Index (FSI)?
The Floor Space Index (FSI) or FAR (Floor Area Ratio) is a parameter thatAvailable permissible construction area on a given plot is defined by various state governments in India. Mumbai has the highest FAR of 1.33.
