Haryana Amends New Licensing Policy To Give Additional FSI To Realtors
In a move that would help Millennium City Gurgaon accommodate more people in its fold, the city’s Department of Town & Country Planning (DTCP) has decided to allow additional floor area ratio (FAR) to real estate developers by making an amendment in its Integrated Licensing Policy, 2016. This is the third time the Haryana government has decided to amend the policy which was launched in 2016 with a view to make the most of high-potential urban areas in the state.
In a notification published on December 5, the DTCP said developers will be allowed 0.25 additional FAR on top of the 1.25 that is already allowed under the policy. This would mean realtors can add more units in their ongoing projects by purchasing the additional FAR that would cost them 5/7th of the corresponding rates notified for group housing colonies. The charges would include licence fee, conversion charges and external development charges/infrastructure development charges.
Floor area ratio (FAR) also known as floor space index (FSI) is the ratio of the plot size on which the construction happening and the total permissible coverage area.
"Such FAR shall, however, continue to be permitted on 88 per cent of the licensed area i.e. after excluding the 12 per cent area reserved for EWS/Affordable Housing," the DTPC notification said.
The state will amend the Haryana Development and Regulation of Urban Areas Rules, 1976, and the Punjab Scheduled Roads and Controlled Areas Restriction of Unregulated Development Rules, 1965, to implement the changes in the policy.
Owners seeking redevelopment of old colonies can also avail of the benefits provided under the new rules if they engage a realtor to carry out the project.
Simultaneously, the state is trying to maintain population density in areas where such housing projects are being developed. The highest permissible density in all New Integrated Licensing Policy (NILP) colonies has been capped at 300 people per acre (PPA). Earlier, the permissible density in all NILP colonies was 250 PPA.