Karnataka government eases rules for big-ticket realty projects
The Karnataka government has scrapped mandatory sanction for commercial development plans for plots measuring up to 20,000sqm (nearly 5 acres) and exempted select common areas from floor area ratio (FAR) rules in both residential and commercial high-rises. FAR is the ratio of the built-up area to the size of the building’s plot. The previous ceiling was 12,000sqm (nearly 3 acres). This is a sanction that was obtained from the BDA, which checks to see, among other things, if the layout has earmarked spaces for amenities. It involves 16 approvals within the BDA. The revised rules will spare the developers the trouble of liaising with multiple levels of bureaucracy. All such projects, however, will continue to need BBMP’s building plan approval.
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