Greater Noida Plans to Double FAR to Draw Companies
NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has proposed changes to its Building Regulations from 2010, specifically aiming to revise the floor area ratio (FAR) for plots designated for IT, IT-enabled services (ITES), and Biotech Parks. The proposal to increase the FAR from 2 to 4 has been submitted to the state government for approval. According to Additional CEO Prerna Singh, both current allottees and prospective companies have expressed the need for a higher FAR. Representatives from IT and ITES sectors argue that the existing FAR of 2 does not suffice, given the area’s rapid development into a hub…