Delhi Master Plan Offers FAR Incentives to Fast-Track Old Building Redevelopment
Delhi's newly introduced Master Plan aims to make redevelopment of aging buildings easier by offering owners increased Floor Area Ratio as an incentive. The plan comes in response to growing safety concerns following recent building collapses in the city. It also promotes large-scale housing development in areas close to metro corridors. Additionally, the plan incorporates a 'sponge cities' approach designed to improve rainwater absorption and reduce urban waterlogging.
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