Hi,
the impact of FAR ratio will only be seen in some South and Central Delhi areas. These include Chankayapuri, Greater Kailash-II, Vasant Vihar, Anand Lok, Panchsheel Park, to name a few. Thus, we can say that it only impact prime micro-markets.
As per the announcement from the Urban Development Ministry FAR for plots between 750 to 1000 square meters has been hiked to 200%. Earlier, the Floor Area Ratio for plots in this size range was 150%.
Hi deep,
As per my knowledge the Ministry of Urban Development has approved Delhi Development Authority proposal to increase Floor Area Ratio (FAR) norms for residential plots in the National Capital. Floor Area Ratio, abbreviated as FAR, is the percentage of a buildings aggregate floor area in relation to area of the land on which the property is constructed.
FAR for residential plots hiked to 200%