Know About Floor Area Ratio (FAR) and It’s importance
The Floor Area Ratio (FAR) is the ratio of a building's gross floor area to the total size of the land upon which it is constructed.
The Floor Area Ratio, also known as the Floor Space Ratio (FSR) or the Floor Space Index (FSI), depicts the relationship between the total usable floor space in a building and the total area of the plot on which the building is constructed. The FAR of an area is ascertained by the local municipal corporations to control the height of buildings basis the size of the land parcel. Various factors which govern the FAR of an area include the density of the population, availability of open space, the impact of the project on the environment and resiliency to a natural calamity.
How does floor area ratio or Floor Space Index impact property price?
Floor area ratio (FAR) or Floor space index (FSI) is the major factor that influences the price of a plot or land. FAR is helpful in knowing the parameters of a plot like the size and width, thus we get to know how much land we can utilize. But, the FAR depends on the different area and thus it varies accordingly. When FAR increases the chances of getting a better utilization, housing stock and space goes up. And when the builder will construct more and sell more, then the reasonable charges will be charged from the home buyer. Thus, higher the Floor area ratio, the higher the price of the property.
Residential Plot-Plotted Housing
Maximum ground coverage, FAR, number of dwelling units for different size of residential plots shall be as per the following table:
S.No. | Area of Plot (sq. m) | Max. Ground Coverage % | FAR | No. of DUs |
1 | Upto 50 | 90* | 350 | 3 |
2 | Above 50 to 100 | 90* | 350 | 4 |
3 | Above 100 to 250 | 75** | 300** | 4 |
4 | Above 250 to 750 | 75 | 225 | 6 |
5 | Above 750 to 1000 | 50 | 200 | 9 |
6 | Above 1000 to 1500 | 50 | 200 | 9 |
7 | Above 1500 to 2250 | 50 | 200 | 12 |
8 | Above 2250 to 3000 | 50 | 200 | 15 |
9 | Above 3000 to 3750 | 50 | 200 | 18 |
10 | Above 3750 | 50 | 200 | 21 |
The minimum setbacks shall be as given in the following table:
S.No. | Plot Size (in sq. m) | Minimum Setbacks (in metre) | |||
Front | Rear | Side (1) | Side (2) | ||
1 | Below 100 | 0 | 0 | 0 | 0 |
2 | Above 100 and up to 250 | 3 | 0 | 0 | 0 |
3 | Above 250 and up to 500 | 3 | 3 | 3 | 0 |
4 | Above 500 and up to 2000 | 6 | 3 | 3 | 3 |
5 | Above 2000 and up to 10000 | 9 | 6 | 6 | 6 |
6 | Above 10000 | 15 | 9 | 9 | 9 |
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