Shortage of space is making the Delhi Govt. to use the Floor Area Ratio (FAR) for better accommodation as a part of their Master plan -2021. According to the sources of www.propertykhazana.com, if this plan had been approved by the central authority and around one lakh housing units are to get developed with a proper use of the extended surfaces of the existing buildings. It will be a better idea for any metro location where space is the main criteria for any development.
Source of www.propertykhazana.com also reveals that the Floor Area Ratio for the group residential project will get increased from 166 to 210 at MPD -2021. It will be an added benefit for the existing residence where they can overcome the increased FAR after the implementation of the MPD – 2021. Ministry of urban development has also cited that there upon societies will be allowed to put construction on the increased FAR. At the same time the govt. is planning to make the house affordable for the consumers with varied schemes and options where budget housing plays a vital role for its rectification.
As per the sources of www.propertykhazna.com the current proposal will ensure the housing facilities to those entire home seekers who are away from a private space due to high price of the private builders and hence is planning to concentrate more on this issue to reduce the demand and supply gap of the housing anxiety.
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