Chandigarh, June 7 -- The Chamber of Chandigarh Industries has welcomed the UT administration's draft notification proposing an increase in the Floor Area Ratio (FAR) from 0.75 to 2, terming it a landmark reform that could significantly boost industrial growth and ease of doing business in the city.

In a statement issued on Saturday, the industry body expressed appreciation for what it described as a long-pending demand of the industrial community finally being addressed. The proposed FAR increase-which determines the permissible built-up area on a given plot-is expected to enable vertical expansion of industrial units, a move seen as critical in a land-scarce city like Chandigarh.

Earlier, under the Master Plan 2031 provisions for indu...