Know the Advantages of Floor Area Ratio (FAR) and Construction Cost Estimates

When it comes to building a new building in India, say New Delhi to be more specific, some certain factors need to be put into consideration and these also play a vital part in the decision. These factors consist of the Floor Area Ratio and the construction cost per square feet. These affect the total built up area, cost and viability of every, be it residential or commercial project.

What is the Floor Area Ratio (FAR)?


FAR or Floor Area Ratio is the total area of the building's floor divided by the land size which the building is built on. It helps in deciding how much of the construction can be undertaken on a particular parcel of land. The construction of FAR is done by using the following equation.


FAR = Total Building Floor Area / Plot Area


For instance, in the example of FAR being 2.0 for a plot having an area of 1,000 square feet, the constructed area should not exceed 2,000 square feet. Different areas of Delhi have different FARs as land use, density, and other characteristics have a lot to do with the said regulations.


FAR LEGISLATION IN DELHI


For any particular territory, the calculation of the FAR (floor area ratio) focuses on the infrastructure requirements and the broader urban design considerations. There is the classification, which is chosen with respect to the use of the urban land and to the nature of the object:


  • Residential: Variation in the floor area ratio (FAR) is found between 1.2 and 3.5 on each and every plot within the location.


  • Commercial: Floor Area Ratio for Commercial and Big plans usually range from 3.5 to 4.0 depending on the nature of the business and location.


  • Group-directed urban FAR: In most cases, the value ranges between 2.0 and 2.5.


How much does it cost to build something in New Delhi per square foot?


The cost of new construction per square feet in New Delhi is measured by a few millimeters. At Delhi Construction, the cost of construction per square foot is determined by the following: nothing else but materials' quality, labor wages, and complexity of the design. Depending on the average:


  • Simple Construction (Cost-effective): Rs 1,500 - above Rs. 2,500 per square feet 
  • Conventional Construction (Mid-Quality): Rs 2,500 - above Rs 4,000 per square feet 
  • Luxurious Construction (Materials and designs of premium quality): Rs 4,000 - beyond Rs. 7,000 per square feet 

There may be a further increase of expenditure in terms of architectural fees, approvals, layout interiors, and landscape. 


What is the Effect of FAR on Construction Cost?


Greater FAR adds up more covered built-up area on the same plot while requiring more elaborate structures that will eventually increase the construction cost due to extra material and labor.


Development must be such that the builder or owner attains balance between FAR and the budgetary restrictions so that the design finally achieved is optimum.


One must also appreciate the FAR and building construction cost per square foot in Delhi, especially if one is planning to build a structure. Planning, complying with zoning laws, and estimating costs and amounts of money are key in any construction project.

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