All You Need To Know About Floor Area Ratio
Floor Area Ratio (FAR) is one of the most frequently used term in real estate. But, do you know what does it mean? Floor Area Ratio (FAR) is the ratio of the floor area in a building to the area of the plot on which it stands. For example, if a 2,000 square foot (sq ft) building stands on a 1,000 sq ft plot, the floor area ratio is 2. If a 3,000 sq ft building stands on a 1,000 sq ft plot, the floor area is 3, and so on.