Bengaluru plans policy shift for vertical growth, higher FAR in new master plan
🔔 Bengaluru is eyeing a significant policy shift that could reshape its urban landscape, with officials proposing an increase in the Floor Area Ratio (FAR) to encourage vertical growth in the Revised Master Plan-2041. The Bangalore Development Authority and Greater Bengaluru Authority are behind this initiative, aiming to address the city's horizontal expansion challenges and ensure more planned development. For real estate buyers and investors in Bengaluru, this move could mean a greater availability of high-rise residential and commercial properties, potentially offering more options and influencing market dynamics. This strategic urban planning approach is currently open for public opinion before it moves to the state government for approval. How do you think this change will impact property prices across Bengaluru?
Comments
Bengaluru mein FAR badha rahe hain? Matlab aur bhi high-rise buildings? I'm a first-time buyer and already struggling to find anything affordable near Marathahalli. Will this just make property prices even higher or will it actually help us get more options?
Exactly! Builders will just use this to add premium for 'vertical living' and 'prime location'. Supply badhega, but demand bhi toh hai. Prices will only go up, mark my words. They always find a way to make us pay more