Saturday, 7 July 2018

What is FAR – Real Estate Basics




Due to the mass migration from villages & small towns to bigger cities for better career opportunities and more, the urban population has risen at a higher rate. To regulate this urban development for the optimal utilization of land resources the administration uses many tools. FAR Floor Area Ratio is such a tool to manage optimal utilization in land resources.

What is FAR
Floor Area Ratio is the ratio between a building total floor area to the construction land size

Significance of FAR
The FAR determines the maximum floor space that can be constructed on a piece of land.

Importance of FAR for a home buyer
Are you planning to invest in a new property, apartments in Calicut, be aware of FAR. The FAR gives a rough idea regarding the density of the project. In general, FAR has a direct impact on the cost of an apartment.

Importance for a developer
Far is one of the important determining factors for the development of the property in the land. FAR varies from one city or even locality and is decided by the concerned authority. As per the FAR value applicable, the developer gets the approval of the buildings.

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To Know More About the Project  http://ladderkerala.com/ladder-mankav-greens/


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