It will now be possible to add 2.5 additional floors to buildings as part of National Outline Plan (retrofitting structures against earthquake).
It will now be possible to add 2.5 additional floors to buildings as part of National Outline Plan (retrofitting structures against earthquake), after the ministerial committee for internal affairs and services today approved the third amendment to the plan. The National Planning and Building Commission approved the amendment three weeks ago.
Under the amendment, it will be possible to add up to 2.5 floors to existing buildings retrofitted against earthquakes, and obtain building rights to another lot in exchange for the retrofit. The amendment originally allowed the addition of 2.5 floors to buildings in poor areas, and 1.5 floors in wealthy neighborhoods. At the recommendations of the investigator who heard the objections to the amendment, the government decided to apply it uniformly nationwide.
The Ministry of Interior says that the amendment will encourage the demolition of old buildings by allowing exceptions to the building line and utilizing full building rights to lots under approved plans for the sites, which have not yet been realized.
Published by Globes [online], Israel business news - www.globes-online.com - on May 20, 2012
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