acquisition of property for road widening
Lost a portion of property in the road-widening exercise, get ready to pay tax for the entire property you once owned. The Greater Hyderabad Municipal Corporation (GHMC) is busy serving notices on owners to pay up property tax for structures that have vanished in the road-widening exercise. Generally, the tax wing has to revise tax [...] Continue Reading »
After Mantri Developers which recently witnessed widening woes on Sampige Road, now the turn of Bannerghatta Road. BBMP Bangalore aims to make it 45 metres to ease the traffic congestion. This is one of the roads notified in the Revised Master Plan 2015 to be made a 45 metre-wide road. The Mantri Developers will have [...] Continue Reading »
With Wednesday’s Sampige Road widening saga, residents across the city need to be prepared for overnight demolition drives. BBMP Bangalore wants the private property of residents to expand roads. But it doesn’t have the money to compensate those losing parts of their precious homes. Hence it’s forcing TDR (Transferable Development Rights) for which the market [...] Continue Reading »
It must be made absolutely clear to all property owners that TDR is `optional’ says panel. The panel has instead advocated Town-Planning (TP) schemes for road widening. Reduced Floor Area Ratio (FAR) is another main recommendation. The committee said that unless this happens, TDR will not be effective in Bangalore. Transferable development rights (TDR) is [...] Continue Reading »
According to the current law, properties can be acquired for road-widening only under TDR.Transfer of Development Rights (TDR) is a certificate from the Municipal Corporation that the owner of a property gets where his/her property (either part or whole) is reserved for the purpose of public utilities such as road, garden, school etc. TDR can [...] Continue Reading »
With BBMP not providing complete information in TDR notices they despatch, residents are hiring land surveyors to measure their property for accurate data. In April, residents of Sarjapur Road received a notice from the BBMP, informing them about acquisition of a portion of their property for road widening. The notice says the road is to [...] Continue Reading »
