India, March 6 -- The Uttar Pradesh housing and urban planning department has framed new rules for the assessment, levy, and collection of the purchasable floor-area ratio (FAR) fee, providing a standardised framework for developers seeking additional FAR beyond the regular limit, officials said.
The Uttar Pradesh Urban Planning and Development (Assessment, Levy, and Collection of Purchasable FAR Fee) Rules, 2024, were notified on February 28, bringing clarity and transparency to the process, they added.
Purchasable FAR refers to the additional FAR that developers can acquire over and above the basic FAR, as specified in the Master Plan, zonal plans, or building bylaws, by paying an additional fee.
"The rules have finally been framed a...
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