FAR increased from 2.25 to 3.0 for Retirement Housing Colonies through TDR policy.
Chandigarh, April 8 – The Haryana Cabinet, which met under the chairmanship of Chief Minister Sh. Nayab Singh Saini here today, approved an amendment to the policy for Planned Development Of Retirement Housing through grant of license under the Haryana Development and Regulation of Urban Areas Act, 1975 (Act No. 8 of 1975).
The amendment to the Retirement Housing Policy 2024 has been introduced to better cater to the needs of the ageing population, keeping in view their specific housing and lifestyle requirements.
As per the revised provisions, under Clause 5(ii), the approach norms prescribed in the policy dated October 20, 2020, as amended from time to time, shall continue to be applicable only for grant of additional FAR as under TDR policy.
Further, in line with the provisions of the Transferable Development Rights (TDR) Policy, 2021, the Cabinet has approved an increase in the permissible Floor Area Ratio (FAR) for Retirement Housing Colonies. The additional FAR through TDR has been enhanced up to 3.0, as against the existing permissible FAR of 2.25 under retirement housing. The proposal was approved with the following amendments.
- The pending applications shall be dealt in accordance with the existing policy of 2024.
- The benefit of additional FAR under TDR shall be given only to those licenses which have approach as per policy dated 20.10.2020.
The amendment follows a representation received from the BRICS Chamber of Commerce and Industry, New Delhi, seeking changes in the existing policy framework for its effective implementation.