KIADB relaxes building regulations, paves wasy for taller real estate projects in Bengaluru
The Karnataka Government's body, Karnataka Industrial Areas Development Board (KIADB), has changed the building regulations for the tech city of Bengaluru. KIADB will now allow a floor area ratio (FAR) of up to 5.2 through premium purchases.
As per The Economic Times, this will increase land use efficiency and aims to boost economic output attarcting more investments. This move is likely to trigger major expansion across industrial, commercial, and residential real estate developments across the state’s industrial corridors.
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