FAR (Floor Area Ratio) calculationis the ratio of gross floor area of the building to the total size of the land on which it is constructed. It is also called the Floor Space Ratio. It is calculated by the municipal corporations to control the height of the buildings. The factors which govern FAR of an area include availability of open space, density of the population, resiliency to a natural calamity, and the impact of the project on the environment. We at Your Property Doctorcan help you with FAR calculation.
There is great importance of FAR in residential projects. Floor area ratiodiffers from one region to another, as it is calculated by respective municipal corporations. However, it does not go beyond 2.5. The lower FAR means less density, more open spaces, and spaced out towers which are not very tall, whereas a higher FAR means tall towers, congested spaces, and not so better living conditions. A lower FAR will give aesthetically pleasing deign of a residential project. If FAR is lower, the value of the building will be more.
Floor area ratio is calculated by the Municipal Corporation of the respective zone and it is variable from one region to another. It is impacted by geographical constraints and city regulations. The factors affecting floor area ratio include location, building type, property size, and availability of amenities. Old areas of the city have different FAR in comparison to developing and upcoming areas. The city can modify Floor space ratio in urban planning, depending on development requirements and land value. Some constraints, such as lifts, driveways, porches, and service areas can impact the FAR.
• Floor area ratio plays an important role in urban planning and development. Its best advantage is that it keeps illegal construction under check.
• It is important in proper urban planning and plays a key role in the planned growth and development of a city. It ensures that the construction activities are controlled by the concerned authorities, depending on the location, population density, and various other parameters.
• Floor area ratio is to be adhered to stringently. If it is violated, it can have serious consequences for both homebuyer and developer.
• Applying for loans to buy such a project will have serious consequences on the credit worthiness of homebuyers.
• Violation of the FAR can impact the reputation of a web developer. It also impacts the safety of the building.
