Consider the following statements:
- The Governments can increase the Floor Space Index to curb the real estate prices
- The Increased Floor Space Index means less apartments in the same plot area
which among the above statements is / are correct?
[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 and 2 are correct
[D] Neither 1 nor 2 is correct
Show Answer
Correct Answer: A [Only 1 is correct]
Notes:
Total covered area on all floors of all buildings on a certain plot divided by Area of the plot is called Floor Area Ratio or Floor Space Index (FSI). For example FAR 2.0 indicates that the total floor area of a building is two times the gross area of the plot on which it is constructed, (and it is a multiple-story building). Increasing FAR means that now more apartments can come up on the given area of a plot. The increase in FAR increases supply and helps in curbing the real estate prices.
