TDR
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 »
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 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 »
