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 characteri...