Floor Area Ratio
While the government of India forcing leading real estate developers to cater to the needs of buyers of economically weaker section (EWS) through developing affordable housing projects, the developers are concerned about the loss of incentives for being in the business of building affordable houses. Developers claim that there is no difference in the amount [...] Continue Reading »
Delhi’s skyline seemed to be changing soon. The cooperative housing societies in Delhi have shown keen interest in Delhi Development Authority (DDA)’s notification for higher floor area ratio (FAR) for existing group-housing societies. Since the additional FAR can be availed only for new constructions, cooperative societies are exploring possibilities of knocking down old constructions. The [...] Continue Reading »
The land row in Greater Noida is settled but there is a shortage of clear land and few developers who still have undeveloped land with them will cash in on the situation. Emboldened by the court decisions in favour of farmers in Greater Noida, farmers in Noida had demanded enhanced compensation for their land, regularization [...] Continue Reading »
Many flats which were built in the Commonwealth Game (CWG) Village have exceeded their sanctioned floor area ratio (FAR) after construction. The Centre will give its nod to flats only after developers pay the penalty for extra construction apart from FAR. Those flats which have exceeded by 5% of the sanctioned FAR are compoundable and [...] Continue Reading »
