TDR real estate
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 »
The new changes in zonal regulations may restrict TDRs and ancillary use of buildings in residential areas.The use of transfer of development rights (TDR) might be restricted to only large properties along wide roads. These new changes in zonal regulations are subject to government approval to recommendations for the revised Master Plan 2015. If approved, [...] Continue Reading »
According to source, 216 roads have been identified for widening and more than 37,000 properties across Bangalore will be affected by the proposed road-widening work to be taken up by the Bruhat Bangalore Mahanagara Palike (BBMP). If BBMP decide to pay compensation to poperty owners in cash, BBMP would have to pay nearly Rs. 10,000 [...] Continue Reading »
The concept of Transferable Development Rights (TDR) by the BBMP is completely wrong. TDR is never meant to take away the ownership of land from the original owner. The BBMP is misusing TDR for taking away ownership for such purposes like widening of roads, construction of flyovers, etc. Ram S Ramanathan, Business Consultant, who 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 »
