Floor area ratio hike for plots over 750 sq m passed

Delhi/NCR
The urban development ministry has approved the proposal of Delhi Development Authority to increase floor area ratio (FAR) norms for residential plots 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.
As reported by TOI earlier, FAR for plots between 750 to 1,000 square metres will now be allowed to expand from the current 150% limit to 200%. The ground coverage of plots in this size range will remain unchanged at 50%.

Owners of larger plots, of sizes more than 1,000 square metres, will benefit from Wednesday’s order. Plots larger than 1,000 sq meters will be allowed additional ground coverage, increased from the current 40% to 50%. FAR for plots over 1o00 sq metres and above has now been increased from 120% to 200%.

DDA had brought the proposal to the UD ministry after getting an approval from its board of directors and inviting objections and suggestions from the public.

The approval by UD minister Venkaiah Naidu barely months before Delhi goes to the polls is likely to come as a boost for the city’s BJP unit, which is hopeful of a better show this time.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/floor-area-ratio-hike-for-plots-over-750-sq-m-passed/79110.html