Yes Alok, you are correct. This seems more like an incentive on creating Green Projects in Noida to keep Noida green and environment friendly. I think TOI has done a big blunder in publishing incorrect information in this article.
IN HT, the title of the news says it all. "Laying Foundation for Green Noida".
Quote:
Originally Posted by alokgarg
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). |