is there some place where we can find original noida authority declarations. i think TOI report is wrong (maybe I want it to be wrong
). in HT article (online here at
http://www.hindustantimes.com/Laying...e1-594444.aspx) ceo is saying they are giving this increased FAR for free. why will they give 36% (in case it is creased from 2.75 to 3.75) more FAR free. i think 1 % is free to increase the profitability of green builders (think of it like tax breaks govt gives to non-polluting and R&D industry). if a builder can build 50 more flats without giving anything to authority on existing infra, it will add purely to his profits(he will only spend on construction cost of those flats).
Quote:
Originally Posted by alien
The HT article does not say anything about non-green buildings. If non-green buildings FAR is increased from 2.5 to 3 (as per TOI article) then green building FAR could go 3.75. There is no use of announcing 1% free increase for green buildings i.e. add 50 flats in 5000 flat complex is negligible.
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