The Comptroller and Auditor General of India (CAG) has flagged a potential revenue loss of ₹107.36 crore to the Goa government following the non-levy of fees on additional Floor Area Ratio (FAR) granted to 321 commercial establishments.
According to the audit findings, around 10.73 lakh square metres of additional FAR was granted to the commercial establishments, with the increase ranging from 1.54% to as high as 240%.
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The CAG has pointed out that the potential revenue loss could be significantly higher if the additional FAR is valued at ₹20,000 per square metre. On that basis, the estimated financial implication could reach around ₹2,147 crore.
Proposal to Provide FAR Relief to Families
Amid the discussion over additional FAR, a proposal is also being considered to provide relief to families facing difficulties in constructing or expanding homes because of high land prices and financial constraints.
The Speaker said four to five categories would be examined and a proposal could be considered for inclusion in the manifesto. Under the proposed measure, families residing on their ancestral plots could be allowed an additional 20% FAR, giving them greater scope to construct or expand their homes.
Additional FAR-related relief could also be considered for certain SHR areas, while commercial properties would be dealt with separately.
The proposals are aimed at addressing the housing difficulties faced by families while ensuring that the issue of additional FAR for commercial developments is considered independently.
