State govt increases FAR by 150 to 200% in industrial area of HSIIDC

By Accommodation Times Bureau

Haryana Chief Minister Manohar Lal on Tuesday announced that the Floor Area Ratio (FAR) in industrial areas of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) would be increased from 150 to 200 percent with appropriate charges.

The State Government has identified 50 acres of land for the Pharma Park in Karnal which would be developed by the HSIIDC.

The Chief Minister made these announcements during ‘Samadhan Divas’ organised by the Department for districts Karnal and Kurukshetra, at Karnal.

He said that the change of industrial activity would be permitted with conversion charges, that is, 10 percent of the differential cost (present allotment rate – original allotment rate) in case of two categories of plots, that is, a project implemented and non-implemented. The plots which are vacant would be allowed for conversion with an increase in 10 percent of the current rate.

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