Greater Noida, Aug. 29 -- The Greater Noida authority has proposed a revision in its Building Regulations 2010 to change the floor area ratio (FAR) in its information technology (IT), IT-Enabled ervices (ITES) and Biotech Park plots, officials said on Thursday. The authority proposed the revisions after representations came from plot allottees, who demanded more ground coverage and vertical development into the IT and ITES projects in the industrial town. The authority formed a committee recommending an FAR of 2.5 for plots on roads less than 24 metres wide and allowing 2.5 to 4 FAR for those on wider roads. Officials said the higher FAR would attract IT/ITES firms and multinationals, create jobs, and boost revenue, though it would also require infrastructure upgrades. The proposal was placed before the authority's board in July so it can be forwarded to the state government for approval. "This is under process and once the state government gives approval, the requisite changes will be made in the bylaws for the IT, ITES and Biotech Park plots. Following the demands from allottees the chairman had directed us to send proposal to the state government," said additional chief executive officer (Greater Noida authority) Prerna Singh. In accordance with the process, the authority has now called objections and suggestions against the changes, said officials. Once the process of resolving suggestions and objections is over in around 15 days, the authority will again send proposal to the UP government that will approve and send it back to the authority for implementation, said officials. The plot allottees said the existing FAR of 2 was insufficient to meet the region's rapidly growing demand for offices. They pointed out Greater Noida is emerging as an investment and industrial development hub, with rising interest from technology firms, allied industries, and MNCs. A higher FAR, they said, would enable more efficient land use, and provide both economic and social benefits. The allottees had suggested to increase the FAR as high as 4 to examine the matter, and the authority formed a committee of officials. It reviewed the proposals. The committee said that additional revenue earned from purchasable FAR could be reinvested in improving civic infrastructure such as water supply, sewerage, and road networks to support the higher development density....