Resentment brewing over new rules

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The focus of Builders Kochi has been to provide the finest and most comprehensive commercial and industrial construction services in Kerala. Their group has been engaged in designing of modern houses and apartments, repair and renovation contracts, build plans and building estimation. They have been successful in providing services like interior design and decoration, landscaping etc for villas and bungalow. They now aspire and endeavor to meet clients requirement to the maximum as their team works with the real estate owners to custom design plans for any construction project.

Various organizations in the construction industry have protested against the new floor area ratio (FAR) restrictions imposed by the State Government in Kochi. The FAR restrictions imposed exclusively on Kochi will adversely affect the ensuing mega projects earmarked for the city The regulations, while keeping mum on burning urban issues such as new roads, widening of existing roads, flyovers and parks, are overenthusiastic in implementing unscientific zone regulations and structural reforms. Builders Kochi allege that the rapid development of Kochi, as an emerging metro, is about to come to a standstill because of the new regulations.
The advent of new rules will result in a steep hike in construction cost, which is estimated to be Rs 500/sq ft. The already skyrocketing prices in the city will rise further in addition to steep hike in rentals. What attract new IT enterprises here are comparatively lower construction costs and lower rentals. The Builders Forum pointed out that construction of high rises to make optimum utilization of land is a universally accepted development policy including that of National Housing Policy. The new rules will lead to more land utilization, encroachments on green belts and ecologically hazardous developments according to the builders.
 
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