- By Admin
- Jun 25, 2019
- 0 Comments
- 9 Likes
- 1148 Views
Recently, the Karnataka government has announced that the mandatory sanction that was earlier applicable to commercial development plans has now been scrapped for plots measuring up to 20,000 sq. m. The government has also announced the exemption of select common areas from the total FAR (floor area ratio) rules in not just commercial but residential high-rises as well, where FAR refers to the ratio of the built-up area and the size of the plot.
What This Means for Realty in Bengaluru
Before this announcement, the ceiling for this sanction was at 12,000 sq. m. which is nearly 3 acres. The sanction had to be obtained from the Bangalore Development Authority (BDA), which among other things, was responsible for checking whether the layout of the development had earmarked spaces for various amenities. The previous process involved about 16 approvals from the BDA.
With the revision to the rules, developers are spared the hassles of having to liaise with multiple levels of bureaucracy to obtain the required permissions, in case the plot measures up to 20,000 sq. m. These projects will, however, still require approval from the Bruhat Bengaluru Mahanagara Palike (BBMP).
Bengaluru is a commercial hub that attracts a multitude of real estate developers to cater to the many start-ups that thrive in the city. With this development, many commercial developers receive a reprieve as they no longer have to obtain a gamut of permissions for all their small projects.
More about the Relaxed Requirements
Among the other changes that have been announced, the setback area in the new residential and commercial properties may also include a watchman’s cubicle (not more than 4 sq. m. in area) at the entry and exit gates as well as a fire-control room (no more than 4 X 4 m. in area).
The norms for calculating the FAR for high-rises now exclude common areas like the electrical substation or panel rooms, AC plants, pump rooms, generators, solid waste management facilities, security or CCTV rooms, and control rooms. Some of the other areas that will not be included under the same include:
- Building management or society rooms (max area 40 sq. m.)
- Refuge provided in high-rises per the fire norms
- Features that are unusable for living or other purposes by the residents
- Staircase/ staircase rooms
- Garbage shafts
- Ventilation ducts
- Other ducts
- Public toilet blocks
- Swimming pools and the toilets attached to the same for common use by residents
- Parking areas, which include driveways and ramps
- Lift wells and the lift machine room
- Overhead tanks
- Sewage-treatment plan
These changes in regulations for realty in Bengaluru come as a welcome development for the smaller real estate projects that are in the pipeline for the city.
You May Also Like
Apr 17, 2020
- Understanding Sale Deed in India
- How to apply for a NEW PAN card in India
- Mindspace REIT listing INDIA after Embassy REIT Success
- GOVT considering 100% FDI in completed housing projects
- Karnataka may cut property guidance value value by 5-10%
- Projects under RERA to get six month extension
- TNRERA Extends Project completion date by Five months
- RBI Extends Moratorium On Loans For Another 3 Months Till August
- How To Apply Encumbrance Certificate In Tamil Nadu
- Know all about KHATHA