Haryana`s DTCP hikes FAR rate for large plots by 20%
For plots between 250sqm and 350sqm, the new FAR rate is Rs 4500 per sqm ,up 19% from Rs 3770/sqm. The revised rate for plot between 350sqm and 450sqm is Rs 6500/sqm ,up 21% from Rs 5380 earlier.
GURUGRAM: Construction of large properties is set to become costlier, with Haryana`s department of town and country planning (DTCP) increasing rates for purchasing floor area ratio (FAR) By around 20%. It is the first hike since 2016.
Officials told TOI on Sunday that the increase in rates is meant to address rising demand for land in cities like gurugaon, where population density is rapidly growing.
FAR is the ratio of building`s total floor area to the size of the plot/land on which specified that there are no changes in FAR rates for plots up to 250sqm.
For plots between 250sqm and 350sqm, the new FAR rate is Rs 4500 per sqm, up 19% from Rs 3770/sqm. The revised rate for plots between 350sqm and 450sqm is Rs 6500/sqm, up 21% from Rs 5,380 earlier.
Read more at:
https://realty.economictimes.indiatimes.com/news/industry/haryanas-dtcp-hikes-far-rates-for-large-plots-by-20/113584156?utm_source=top_story&utm_medium=homepage
Reference: ET Realty https://realty.economictimes.indiatimes.com