Noida Authority is poised to implement a strategic move aimed at stimulating industrial growth in the region. The proposed amendments involve a significant increase in the Floor Area Ratio (FAR) for designated industrial lands and integrated townships. This move seeks to optimize land usage and encourage vertical expansion within the industrial sector.
Currently, existing industrial plots in Noida hold a maximum FAR of 1.5, with the option to purchase an additional FAR of 1, bringing the total to 2.5. For new industrial zones, the proposed amendments suggest a base FAR of 2.5 with the possibility of purchasing an additional FAR of 1, maximizing the total FAR to 3.5. In specific sectors like 145 and 162 to 166, the authority is considering eliminating height restrictions entirely, paving the way for the development of ambitious and large-scale industrial projects.
These changes hold immense potential for the Noida industrial landscape. Increased FAR allows plot owners to construct additional floors within their designated area, thereby establishing more industrial units without requiring additional land acquisition. This vertical expansion not only optimizes land usage but also caters to the growing demand for industrial space in Noida. Additionally, the potential relaxation of height restrictions in specific zones opens doors for the development of cutting-edge industrial facilities that can compete on a global scale. The Noida Authority’s proposed FAR hike is a well-timed strategic move that is likely to attract new businesses, investments, and ultimately propel Noida’s industrial sector towards significant growth.
