The Capital Development Authority (CDA) has implemented significant changes to the building regulations for high-rise buildings in the federal capital.
The CDA board has approved an increase in the floor area ratio (FAR) for large commercial plots, facilitating the construction of additional floors in commercial buildings.
Under the new regulations, the FAR for plots between 3,000 and 5,000 square yards has increased from 1:8 to 1:10. Plots larger than 5,000 square yards are now subject to a 1:12 FAR. The goal of these modifications is to allow commercial buildings to have more floors, which could change the urban environment.
The new rules also specify the costs of obtaining building plan permits and purchasing land. Building plans are subject to CDA approval and require payment of a quarter of the total cost. 50% of the total sum must be paid to obtain plot possession; however, the plot’s title will be altered after payment is received in full.
If the entire amount is paid in one installment, a 15% discount will be granted. If the payment is made in US dollars, this discount will be enhanced to 20% for Pakistanis living abroad.
These changes in FAR will apply to new and existing buildings, including those within housing societies. Buildings constructed after 2007 will require a sustainability certificate to add extra floors. The CDA Finance Wing will determine the cost associated with constructing additional floors.
This move is expected to stimulate commercial development and attract investment while ensuring that new constructions adhere to sustainability standards.
