'premium' FAR bill
- The Karnataka Town and Country Planning (Amendment) Bill was passed.
- The ‘premium’ FAR (floor area ratio) is expected to bring revenue to the government while also giving a fillip to vertical growth in the real estate sector.
- FAR is the ratio of the total plot area to the total building area, and is determined by the size of the plot and width of the road in front of the plot.
- According to the bill, developers have to pay at least 40% of the guidance value as premium charges for the additional FAR.
