What is Floor Area Ratio (FAR) in Noida and Greater Noida
Understanding Floor Area Ratio (FAR) in Noida: Limits & Guidelines
If you're planning to invest in real estate in Noida or Greater Noida, you’ve likely heard the term Floor Area Ratio (FAR). It plays an important role in shaping how properties are developed in these areas.
In this article, we'll explain what FAR is, how it affects property development, and how it can impact your real estate decisions.
What is FAR (Floor Area Ratio)?
FAR, also known as Floor Space Index (FSI), is a key factor in urban planning. It defines the amount of construction allowed on a given piece of land. FAR is calculated by dividing the total floor area of a building by the area of the land on which the building is built.
For example, if the plot size is 1000 square meters and the FAR is 2, then the total built-up area allowed will be 2000 square meters. This means the builder can construct multiple floors up to that total area.
FAR in Noida
Noida is a planned city near Delhi and is known for its modern infrastructure and growing real estate sector. The FAR in Noida is regulated by the Noida Authority, which sets specific rules for various zones in the city.
How is FAR Determined in Noida?
The FAR in Noida depends on factors such as the type of property (residential, commercial, or industrial) and the location. Noida is divided into different zones, each having a different FAR. Generally, the FAR is higher in commercial zones and lower in residential zones.
For instance, in a residential area, the FAR might be 1.5, which means the total area of all floors combined will be 1.5 times the size of the plot. In a commercial area, the FAR can be as high as 4 or 5, allowing for taller buildings.
FAR Calculation in Noida
• To understand FAR better, let's look at an example of how to calculate it.
• Let’s assume you own a plot of land measuring 500 square meters in Noida with an FAR of 1.8.
• The total floor area allowed would be calculated as:
So, on this 500 square meter plot, you can build a total of 900 square meters of constructed space. This area can be divided into multiple floors, based on the building’s design.
FAR Rules for Different Plot Sizes in Noida
The FAR rules in Noida also vary based on the plot size. Here’s a basic table that outlines the FAR for different plot sizes in Noida:
• Up to 50 square meters: FAR 1.8
• 51 to 100 square meters: FAR 2.0
• 101 to 200 square meters: FAR 2.5
• 201 to 300 square meters: FAR 3.0
• 301 to 500 square meters: FAR 3.5
• Above 500 square meters: FAR 4.0
These figures give you a rough idea of the maximum construction allowed on your land depending on its size.
FAR in Greater Noida
Similar to Noida, Greater Noida also has specific FAR guidelines set by the Greater Noida Industrial Development Authority (GNIDA).
In Greater Noida, the FAR for residential areas is generally 2.0, but it can go up to 4.0 in commercial or industrial zones. The FAR is higher for mixed-use developments where residential and commercial spaces are combined.
Impact of FAR on Real Estate
The higher the FAR, the more construction can be done on a plot of land. This directly impacts real estate development in the following ways:
More Units in the Same Area: With a higher FAR, developers can build more floors, which leads to more residential or commercial units on the same plot.
Increased Profit for Developers: A higher FAR means that developers can construct more buildings on the same land, leading to more saleable area and higher profits.
Better Amenities: Higher FAR can also mean more space for amenities like parks, swimming pools, gyms, and parking spaces in the building complex.
Urban Congestion: While higher FAR promotes more construction, it can lead to overcrowding if infrastructure doesn't keep up. Cities need to plan for better roads, utilities, and public services to handle the increased density.
FAR Violations: What You Need to Know
If builders or developers exceed the allowed FAR, they can face serious consequences. Such violations are checked when the builder submits the completion certificate. If the FAR limit is violated, authorities might take legal action. Buyers are encouraged to verify the builder’s compliance with FAR before finalizing any property purchase to avoid future complications.
Factors That Affect FAR in Noida and Greater Noida
Several factors influence FAR regulations in these areas:
• Infrastructure: Availability of water, electricity, sewage, and roads.
• Environmental Concerns: Preservation of parks and green spaces.
• Public Amenities: Availability of schools, hospitals, and other services.
• Traffic Management: Roads and parking spaces need to accommodate higher traffic.
Conclusion
Understanding FAR is crucial for anyone involved in real estate development or investment in Noida and Greater Noida. FAR determines how much area can be built on a plot and influences the density of buildings. Whether you're buying a property or looking to develop one, knowing the FAR rules helps in making informed decisions.
By keeping track of FAR regulations and their impact on property development, you can better navigate the real estate market in Noida and Greater Noida, ensuring you make the right investment at the right time.
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