what are the rules and regulations in increased floor area ratio in constructed building

Kapur Real Estate Consultant, Delhi-NCR

21st February 2017

Other in Delhi

floor area ratio

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Replies (2)

Hi all,
If we go by how developers see it, an increased FAR means they can build more, sell more and thus prices of projects could go down. However, this alone cannot cut down prices and it needs to be used judiciously, not abused.

Rahul Kumar, Delhi

2nd March 2017

Comment

Hi,
FAR is the ratio of a building's total floor area as compared to the size of the land upon which it is built. In July, 2015, the urban development ministry has increased the floor area ratio (FAR) in Delhi by 60% for construction around mass rapid transit systems such as Delhi Metro to sort out the issues related to traffic congestion and shortage of housing in Delhi. The revised FAR will now stand at 400 from earlier 250 and will allow construction of more floors in the building.

Nikhil Agarwal, Delhi

2nd March 2017

Comment

Yes, if a planning authority increases the FAR, market value may double. The land owner in this case has no role to play that directly or indirectly governs the price while they may enjoy all the benefits.

It may also mean that as the FAR is hiked, you may be residing in a higher density building and more residents have to share the common benefits such as lifts, pools, clubs and even electricity and water.

Shrey, Delhi

2nd March 2017