India: Government to grant additional 10% floor area ratio for green residences

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The Housing Infrastructure Development Corporation has decided to grant 10% additional floor area ratio (FAR) over the usual FAR for constructing residential buildings following green norms.

Hidco chairman-cum-managing director Debashis Sen said that a rule was amended recently, allowing an additional 10% FAR for green buildings. “Now, this new rule comes into effect and it’s applicable for residential buildings as well,” he said. No additional fees will be charged for using the additional 10% of FAR.

However, fees will be applicable for availing additional FAR up to 20% following the prescribed conditions that the building will be within 500 metres of the Metro corridor near central business district and the road width will be more than 15 metres for 15% FAR and 24 metres for 20% FAR.

Also, the authorities are encouraging residents to set up more multi-storied parking spaces in big commercial and residential complexes like malls and hospitals. Additional parking space, sources said, will not be counted as consumption of FAR.
Earlier, the Mamata Banerjee government had come up with a new urban policy in which 15% additional FAR was allowed for mass housing, IT complexes and other multi-storied commercial buildings across the state.

The competent authorities will certify whether a building, that has been set up, can be declared as a green building. A construction can be termed a green building if it follows all the norms, such as using eco-friendly building material and solar power.

The New Town Kolkata Development Authority has already made it mandatory for all commercial and residential multi-storied complexes in the township, like schools, colleges, hospitals and others, to install solar rooftop panels that will meet at least 2% of the entire building’s electrical load requirement. The building rule was also amended for this purpose.

The state cabinet recently approved two theme townships close to Rajarhat in North 24-Parganas that will be set up by reputable real estate developers.

Source: The Times of India

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