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FHRAI raises concerns over utilisation of additional Floor Area Ratio
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Tuesday, 30 April, 2024, 12 : 00 PM [IST]
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Our Bureau, New Delhi
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The Federation of Hotel & Restaurant Associations of India (FHRAI), has brought to light a critical issue hampering the hotel infrastructure development within the hospitality sector in Delhi, to the MOHUA (Ministry of Housing and Urban Affairs). Despite MPD 2021 provision for increased Floor Area Ratio (FAR) for hotels, a decade-long stagnation persists, impeding the growth and development of the hotel industry in the capital.
FHRAI highlights that the inability of hotels in utilising the increased FAR is contributing to a gap between the increasing demand fuelled by the escalating influx of airline passengers from 4 crore to 7 crore in 2024. Airlines are adding capacities with more than 1000 airplanes on order by Indigo and Air India, but there are no active pipelines of hotel development in Delhi. While airlines are rapidly expanding capacities, with significant orders for new aircraft, the pace of hotel construction remains flat, failing to align with an increasingly rapid demand.
Pradeep Shetty, president of FHRAI, said, “Once Terminal 1 at the Indira Gandhi International Airport opens, its capacity will increase from 70 million to 110 million passengers per year, making Delhi an important regional hub. Opening up of new convention centres In Delhi is another major initiative taken by the Government to position Delhi as a MICE hub. However, in sync with these developments, the hotel infrastructure is not growing in Delhi is a major concern along with a more conducive environment for the viable functioning of the existing players. Addressing these issues would lead to sustainable growth, enhance employment opportunities, and strengthen Delhi's position as a premier destination. The current challenges faced by hotels in Delhi regarding the utilisation of additional FAR are hindering the sector's ability to keep pace with the dynamic demands of the hospitality industry.”
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