India, Aug. 29 -- The Greater Noida authority has proposed a revision in its Building Regulations 2010 to change the floor area ratio (FAR) in its information technology (IT), ITES and Biotech Park plots, officials said on Thursday. The authority proposed the revisions after representations came from plot allottees, who demanded more ground coverage and vertical development into the IT and ITES projects in the industrial town.
The authority formed a committee recommending an FAR of 2.5 for plots on roads less than 24 metres wide and allowing 2.5 to 4 FAR for those on wider roads. Officials said the higher FAR would attract IT/ITES firms and multinationals, create jobs, and boost revenue, though it would also require infrastructure upgrad...
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