Now FAR can be sold in Delhi under new land policy

As per the Union Urban Development Ministry, under the modified land pooling policy in the 'Master Plan-2021,' now property owners can sell a portion of their Floor Area Ratio (FAR) to another developer or landowner.

The objective of the policy is to involve private parties in the development of real estate for residential and commercial purposes in Delhi.

The profit from such development will go to landowners pooling their land for the projects. In case of residential use, 'tradable' FAR can only be transferred to another development entity or DE (a landowner or a group of landowners) in planning zones with approval/licence for projects more than 20 hectares.