FAR is also known as Floor Area Ratio. It is the ratio calculated based on total usable space in a building to the total area of a plot. The Floor area ratio doesnโt get decided on its own or on builderโs whims. It is decided by the local municipality of the area. This is what FAR Real estate indicates. Now that you know FAR full form in real estate, let us shift our focus on the factors affecting its calculation and how it is calculated.
Factors affecting the calculation of FAR real estateThese are the factors which are considered important while calculating Floor Area Ratio:
Height of the building,
Size of the land parcel it is built on
Locality of the property
Width of the road
Okay so we are so far clear on what is FAR in real estate and what factors contribute to its calculation. Let us now see the formula used to calculate FAR:
FAR = Total covered area of all floors / Total plot area Read more here: How to calculate floor area ratioI hope FAR real estate and itโs meaning are clear now.
Authors Of The Question
What is FAR in real estate?
Harpal
๐825Views
November 9, 2021
2021-11-09T16:31:05+00:00 2021-11-09T18:29:44+00:00Comment
1Answers
Home Renovation
Share