TDR real estate
President Prativa Patil declare that the government will propose for a bill to regulate the realty sector. The main aim of this bill will be to make the builders bound to comply public disclosure. The bill should introduce clarity and protect the realty customers right. The bill also says that builders should invest funds for [...] Continue Reading »
Mumbai has 104 million sq ft of unsold real estate. The slowdown in real estate sales in Mumbai may have intensified due to higher interest rates, which could pressure developers to bring down prices. This may not be a worrisome trend as sales are low during monsoon. Pressure will start building up only when the [...] 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 »
Residents of Tannery Road agree that road widening is necessary as it is a major thoroughfare for commuters heading to the Bengaluru International Airport and welcome the move. However, their grievances are with the BBMP, which is keen to acquire the land by issuing Transferable Development Rights (TDR) certificates instead of providing compensation based on [...] 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 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 »
Since sellers don’t perceive a market for TDR Real estate,developers are able to buy TDRs at throwaway sums. Developers buy certificates issued in B or C zones (the secondary and peripheral parts of the city), and utilize them in projects in the centre of the city (part of the A zone) where land valuations are [...] Continue Reading »
If BBMP has its way, people staying near Tagore junction will lose parts of their property for widening of the service road and footpath. Around 20 private properties on the main road will have to do away with three metres of their space as the technical advisory committee (TAC) has instructed the BBMP to widen [...] Continue Reading »
Everybody involved in the TDR (transferable development rights) tangle seems to have forgotten a simple truth. The TDR was a scheme meant to preserve open spaces and heritage buildings in the heart of a city, moving development to outskirts. But in Bangalore, it has morphed into taking chunks of land away from home owners. BBMP, [...] Continue Reading »
