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Draft of master plan III will be discussed in MCC council before finalising, says Mayor
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Newly elected Mayor Premananda Shetty said on Tuesday that the Mangaluru City Corporation (MCC) has in its kitty ₹100 crore collected under premium floor area ratio (FAR) clause. The corporation has not been able to utilise the fund for various reasons. He said he would try to make best use of it for development projects.
Speaking at the council after being elected for the next one year term, the Mayor said the FAR fund got accumulated since 2009-10.
The civic body collected the fund from builders after the premium FAR clause was added in the Master Plan II for Mangaluru Local Planning Area, which came into effect from October, 2009. Under the premium FAR clause, a builder can pay a certain fee to the corporation and can add extra built-up area to a building as per the provisions mentioned under the zonal regulations of Master Plan II. The corporation should utilise this fund for development works as per specified guidelines.