TDR
The apparent absence of new construction proposals has resulted in a 60 percent plunge in the revenue of the city development department of the Thane Municipal Corporation (TMC). Realty developers are shying away from new construction plans in Thane largely because of the civic body’s proposal to link transferable development rights (TDR) with ready reckoner [...] Continue Reading »
Nashik Municipal Corporation’s (NMC), General Body Meeting (GBM) resolved to grant higher Transfer and Development Rights (TDR) for land owners at Tapovan to acquire plots for Sadhugram to accommodate the sadhus visitng the city during next year’s Kumbh mela. City’s Mayor, Yatin Wagh said the civic body would grant TDR of 10 for land at [...] Continue Reading »
The protests by the residents of a housing society in Chunabhatti, Sion in Mumbai have been falling on deaf ears as their builder has been garnering the rent against two mobile towers on their building without fail. The rent is being paid by the service providers for the towers to the builder for the towers [...] Continue Reading »
With the sanction of 8 percent TDRs (Transfer of Development Rights) by the state government,the real estate sector in Pune is expected to boom. This move was taken for reserving the Bio Diversity Park (BDP) areas which will free up 62 lakh sq ft of green TDRs, which in turn will reduce property prices. The [...] Continue Reading »
A happy news is awaiting for the frequent travellers around White Field, Electronic City and major areas surrounding BIAL. Bruhat Bangalore Mahanagara Palike (BBMP) has come out with a new initiative to provide Transferable Development Rights (TDR) for property owners. With these rights in place, BBMP will be able to acquire 56 acres of private [...] Continue Reading »
All corporators of PMC Pune supported the paid FSI concept by saying that the Transfer of Development Rights (TDR) has not yielded results but the scams associated with it have only tarnished the city’s image.The FSI is the ratio of total floor area of a building to the size of the plot which indicates the [...] Continue Reading »
The fund-hit BBMP has been over-generous in granting TDR certificates for portions of land it takes from residents for public projects, mainly road-widening. But there isn’t much clarity on the rules governing them. As on May 30, 2011, Bangalore property ownersh as surrendered 38.24 lakh sq feet area land to BBMP Bangalore and the corporation [...] 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 »
The urban development (UD) department is likely to announce revised incentives to make conservation of heritage structures and precincts a lucrative option. The Mumbai Heritage Conservation Committee (MHCC) has already submitted a proposal, chief minister Prithviraj Chavan indicated that the state government was likely to approve the proposal, when he stated that a notification on [...] Continue Reading »
The number of TDR (transferable development rights) certificates issued has seen a sharp increase and people’s attitude towards TDR especially in the suburbs of Bangalore is changing. TDR Bangalore benefit the funds starved BBMP because they obviate cash outflows. Under current rules, every unit of land surrendered entitles the landowner to develop 1.5 times that [...] Continue Reading »
