India, April 10 -- The Haryana Cabinet has approved a key amendment to the Retirement Housing Policy, including an increase in the permissible Floor Area Ratio (FAR) for retirement housing colonies. Under the revised norms, the additional FAR through Transferable Development Rights (TDR) has been increased to up to 3.0, up from the earlier limit of 2.25.

Real estate experts say the move will benefit developers active in Gurugram's senior living segment, as a higher FAR allows more construction on the same land parcel. This improves project viability without a proportional increase in land costs.

The Haryana Cabinet approved a key amendment to the Retirement Housing Policy to support the ageing population and address their specific housi...