Transferable Development Rights
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 »
New Delhi- As per the new Master Plan of Delhi, if a part of any property comes in the way of a development project which is carried by Delhi Development Authority, then the DDA will have complete right for land acquisition, but in return, as a part of compensation, the Authority has to give additional [...] Continue Reading »
Assembly election is knocking the door and now BBMP has realised that they have to speed up the grand projects’ completion project. These projects include signal-free corridors, five grade separators, development of roads, lakes and construction of multi-storied parking facilities will be taken up. BBMP options to help broaden 11 tracks, which include several with [...] 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 »
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 »
The residents of Banaswadi along with civil society groups, on Sunday, marched in protest against the Bruhat Bangalore Mahanagara Palike’s (BBMP) road widening project. Holding placards and shouting slogans against road widening, the residents said that the BBMP and the Government should come out with alternative solutions to the problem of traffic congestion. Banaswadi road [...] 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 »
