TDR-based road widening project
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 »
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 »
Initially, this offer is only for property owners on Magadi Road who have to give up their land for road widening. The BBMP is now buying them from property losers to expedite road widening. The decision was taken during Tuesday’s inspection by H Ravindra, chairman, major works committee. Ravindra assured the worried 232 property owners [...] Continue Reading »
The TDR-based road widening project, which did not go down well with residential property owners, is turning out to be a lucrative business proposition for builders and land bankers.Owners who are sure of losing a large area, are open to selling their buildings. Builders, buying such properties, do the amalgamation of plots, surrender the land [...] Continue Reading »
