More FSI to boost real estate growth in Rajkot, Jamnagar

Rajkot:Rajkot and Jamnagar skylines will soon get taller. This would become a possibility in the wake of CM Narendra Modi announcing an increase in the floor space index (FSI) on Tuesday.      "The state government has decided to approve a 25% increase in theFSI for the benefit of common people," said Modi while making the announcement.      Chairman of the Rajkot Municipal Corporation's standing committee Jayman Upadhyay said FSI in the area that is technically termed as Rajkot city area will go up from 2.0 to 2.5. In 'other' areas it will go up from 1.5 to 1.87.      Real estate developers are also happy with the decision. "This is good for both the common people and the builders as the latter will get more space for construction which will result in less spending on construction costs. This will help buyers as well,'' a real estate developer said.      A similar announcement was also made by Modi for Jamnagar.