Claimed source at the www.propertykhazana.com says that the realty industry asked the Union Government to hike the Floor Area Ratio (FAR) while developing infrastructure across the country and the demand was made to form more reasonable residential, considering the increase in demand. The appeal was made in the National Meeting held by the Confederation of Realty Developers Associations of India (CREDIA), many developers, consultants and specialists highlighted the need to hike the FAR serving the residential needs of one and all. Mr. Niranjan Hiranandani, Managing Director of Hiranandani Constructions Pvt. Ltd. recommended that the FSI must be hiked to about 4-6 in the country and sustaining the requirement to hike FSI he said @ the www.propertykhazana.com that the similar is very important to give quality life to the needy people and to construct residences for all the needy.
However, as per to the Urban Development specialists Chandrashekar Prabhu, it is mandatory to develop infrastructure in the country earlier hiking FAR. International realty consultant CB Richard Ellis, Chairman and Managing Director Anshuman Magazine also addressed in the similar way and said, “In an ideal world, infrastructure must be developed initially and soon after FAR must be hiked, but unluckily in India, it is not occurring and it is resulting into high land rates.” Anshuman Magazine is in the sight that both FAR and infrastructure must be developed at the same time. For more information and realty updates logon to www.propertykhazana.com.
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