Chandigarh, May 25 -- The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has approved a 10% increase in the Floor Area Ratio (FAR) for industrial housing on plots of one acre or more in the industrial estates developed by it.
The FAR is the ratio of a buildings total floor area to the size of the plot upon which it is built. It decides the amount of construction that can be carried out on a plot. Any increase in this limit allows for increased construction.
This rule is also applicable for the new policy for the allotment of housing units and dormitories for industrial workers on a leasehold basis, HSIIDC has said.
The decision was taken in a board meeting of HSIIDC under the chairmanship of Rajesh Khulla...