If you intend to invest in the property in Delhi or set about constructing a house, two things that you should fix in your head are the Floor Space Ratio (FSR) and finding top real estate companies in Delhi. These may sound a little technical or boring at first, but in matters of how much space you can build on and who helps you do it right, they are very important.
What is Floor Space Ratio (FSR)?
To be simple: floor space ratio ( FSR), or FAR (Floor Area Ratio), is a number telling you how much you can build on a particular piece of land.
Formula: Total floor area (all floors) ÷ Plot area
What is the Relevance of FSR?
- One cannot build anything, there are rules. The FSR helps reduce overcrowding and organizes cities.
- Consider this in planning - It is required by architects to design your house or building.
- Affecting property value - Usually, the higher the FSR, the more you can build on that site, which, in most cases, will translate to a higher property value.
So, before you take the pain of hiring the contractor or purchasing bricks, make sure you understand the FSR pertaining to your plot.
Real Estate Companies in Delhi- Who Can You Trust?
Delhi has builders and agents aplenty, but not every one of them is equally good. Some promise a lot but deliver very little, while some have earned their reputations because of their commitment, consistency, and professionalism.
Qualities to Look For in Real Estate Companies in Delhi:
- Project Delivery Track Record - Timely delivery has huge significance.
- Transparency - No hidden charges and no vague deals.
- Location Knowledge - Knowledge regarding local laws, including FSR norms.
- After-sales support - Handover of the property, legal documentation, and help regarding home loans.
How You Can Use FSR Information When Engaging Builders:
- Ask builders the FSR of the area in question before purchasing a flat or plot.
- Know whether they have exceeded the F.S.R. limitation- illegal constructions are subject to demolition.
- Enquire about the approved building plan- it should comply with the F.S.R. norms
A Few Pro-Tips Before You Sign On The Dotted Lines:
- Always check the FSR with the local authority or an architect.
- Compare various real estate companies in Delhi, not just prices, but their quality of services too.
- Never hurry; take time to understand what you are buying or constructing.
Whether you are constructing a new home or investing in a property, being aware of the floor space ratio and working with trusted real estate companies in Delhi can save you from many future headaches. Prithu Builders is one of the real estate companies that promises to help you in all these. Build smart, build safe, and always stay by the book.