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Haryana govt tweaks licensing norms, now builders can buy extra FAR

Haryana govt tweaks

Haryana govt tweaks licensing norms, now builders can buy extra FAR

According to authorities, the extra purchasable FAR of 0.25, in addition to 1.25 which is already allotted, will help realtors build more affordable homes in cities like Gurgaon.

 

GURGAON: In a step that would give leverage to the realty sector in Haryana, the department of town and country planning has amended the new integrated licensing policy, 2016, allowing developers to buy extra floor area ratio (FAR) in the existing plot and add more flats to their highrises.

According to authorities, the extra purchasable FAR of 0.25, in addition to 1.25 which is already allotted, will help realtors build more affordable homes in cities like Gurgaon.

Floor area ratio (FAR) is the ratio of a building’s total floor area (gross floor area) to the size of the piece of land upon which it is built.

At the same time, the state government is keeping a check on the population density of group housing societies by retaining it at 300 people per acre (PPA). It was raised to 300 from 250 in May, 2011

 

This is the third major change made to the licensing policy introduced in the state since the new government took over in October, 2014. The Khattar-led government has issued 231 new licences across the state during its tenure.

The amendments were announced on Wednesday by the DTCP. This will also be relevant in cases of old societies, where owners can engage a builder, who would rebuild their flats and construct a few extra units to recover the costs and make profits.

The extra FAR, though will be calculated at 88% of the licenced area, while the remaining 12% will be reserved for housing for economically weaker sections (EWS) as per conditions of the licence.

The fee and charges, including licence fee, conversion charges and external development charges of the residential component will be paid at five-seventh (5/7th) of the rates notified for that group housing society.

AK Singh, principal secretary (town and country planning) in an order stated that any required amendments would be done in Haryana Development and Regulation of Urban Areas Rules, 1976 and the Punjab Scheduled Roads and Controlled Areas Restriction of Unregulated Development Rules, 1965.

 

Source :realty.economictimes

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