FAR Amendment Bill passed by Karnataka Legislature with Council’s nod amid walkout by BJP ...Middle East

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FAR Amendment Bill passed by Karnataka Legislature with Council’s nod amid walkout by BJP
Bengaluru: A Bill, which provides for sale and purchase of premium floor area ratio (FAR), has been passed by the Karnataka legislature with the Legislative Council’s assent on Thursday after a marathon debate and walkout by the BJP members. The Karnataka Town and Country Planning (Amendment) Bill 2024, which has been already passed by the Assembly was tabled in the upper house by Deputy Chief Minister D.K. Shivakumar, who also holds Bengaluru City Development portfolio. The lawallows developers to build additional floors by purchasing additional FAR and paying a fee of 40 per cent of the guidance value to the local planning authorities. It also allows sale of FAR. The premium FAR has been

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