How FAR benefits real estate

Q: What is FAR and how will it benefit real estate

Baldeep Singh, Gurgaon

30th May 2013

Real estate News in Greater Noida

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Replies (3)

SO the price of the apartment is also a dependent factor?

Sujan Mitra,

22nd July 2013

Comment

all terms for the ratio of a building's total floor area to the size of the piece of land upon which it is built. The terms can also refer to limits imposed on such a ratio.

Bulbul Verma,

22nd July 2013

Comment

Rama Raman (CEO NODIA AUTHORITY) says: “The total cost of the extension of the existing Metro track comes to around Rs 6,000 crore. The authorities will raise the funds through real estate development. The authorities will increase floor area ration (FAR) from existing 2.75 to 3.5 in certain areas. For this, the authorities will develop special corridors along Noida-Greater Noida Expressway. The FAR would be sold in group-housing projects dotting the expressway. The Noida authority has announced an increase in FAR allowed for land within 500 metres of the Metro corridor along the Noida-Greater Noida Expressway. The authority will increase the FAR by 0.5 for building within 500 metres of the Metro line.”

Rakesh Yadav, the managing director of Antriksh Group, says: “This will increase the value of land near the Metro line. The increased revenue will aid development work including that of the proposed Metro lines along Noida-Greater Noida Expressway.”