Floor area ratio in Delhi
enhanced
New Delhi, Nov 26:
In a boost
to the vertical development of real estate in Delhi, the Centre on Wednesday
hiked the floor area ratio (FAR) norms in the Capital.
FAR is the
ratio of a building's total floor area to the size of the piece of land upon
which it is built.
According
to a statement from the Ministry of Urban Development, FAR in respect of plots
of 750–1000 sq m size has been enhanced from the current 150 per cent to 200
per cent, while the same has been
increased from 120 per cent to 200 per cent for plots of 1000 sq m and above.
While the ground coverage for plots of 750–1000 sq m will remain at 50 per
cent, the same has been increased from
40 per cent to 50 per cent for plots of 1000 sq m and above.
Urban
Development Minister M Venkaiah Naidu approved the proposal of the Delhi
Development Authority (DDA) in this regard on Monday this week. DDA has
proposed an amendment to this effect to the Master Plan Delhi – 2021 and firmed
up the same after inviting objections and suggestions from the public, the
statement added.