UP Govt. has increased Floor Area Ratio near Greater Noida Metro Lines

Q: The Greater Noida Industrial Development Authority had proposed to revise its building bylaws and increase the FAR in February 2015.

Selina Jaitley, Greater Noida

1st April 2016

Property Tax in Greater Noida

gnida

floor area ratio

far

up government

greater noida metro lines

building bylaws

metro corridors in greater noida

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Replies (3)

Hi folks,
I think this is nothing but aim was to increase population density along Metro corridors and bring passengers within walking distance of the stations.

Sai Kumar, Greater Noida

1st April 2016

Comment

Good evening friends,
As the cabinet has given its approval, the GNIDA now expects the notification to come through in the next 15 days. A gazette notification was issued in March 2015, which has already cleared a 0.5 increase in the permissible FAR within a 500 mtr radius of existing and proposed Metro corridors in Noida.

Tamal, Noida

1st April 2016

Comment

It means, once the gazette notification is issued declaring the increases of FAR in Greater Noida the sale of the additional realty space is expected to go up and generate Rs 3500 to Rs 4000 crore.

Asis Kumar, Delhi

1st April 2016

Yes, and this amount will be used for funding the Noida-Greater Noida Metro track, which is under construction. It will also be used to improve the Metro infrastructure besides funding the Noida Metro Rail Company.

Tamal, Delhi-NCR

1st April 2016

As per the authority officials, residential housing societies, commercial and public utilities would be built on the additional 1000 mtr area along the Metro corridor. Once the decision is notified in the gazette, the amendment will be applicable to all categories of land use, excluding residential plotted ones.

Paras Lal, Greater Noida

1st April 2016

Yes, the Uttar Pradesh cabinet has approved an increase in the floor area ratio by 0.5. The new FAR will be applicable within a 1000-metre radius of Metro corridors in Greater Noida. It will definitely add extra space along with the Metro Corridors in Greater Noida.

Paras Lal, Greater Noida

1st April 2016

Comment

Hi Paras,
Have they got the approval for the amendment in Greater Noida's building regulation board? Is there any objections and suggestions on the modified plan from the local residents?

Asis Kumar, Delhi

1st April 2016

Hi Asis,
Yes, the approval for the amendment in Greater Noida's building regulation came through a cabinet meeting held by the state government on Wednesday. Eevn the Authority also sought objections to and suggestions on the modified plan from the local residents. Following this, the proposal was forwarded to the state government for approval.

Paras Lal, Greater Noida

1st April 2016