TDR – Helpful in land acquisition
Thiruvananthpuram- The issue of land acquisition is been exaggerated by two ministers by sending confusing signals to the land owners which in turn creates hurdles for developmental projects in Kerela.
Owners who are willing to surrender their land as per the Rehabilitation and Resettlement (R & R) package will be provided Infrastructural Bonds (IB) by the revenue department.
According to IB, two percent of the entire project’s cost bond will be kept aside and for next five years owners who lose their business will be given 50 percent waiver and local business units.
But it was noticed that no efforts were taken in this case. Thus at a Infrastructure Conference in Koch, PWD minister Ebrahim Kunju offered another policy named Transfer of Development Rights (TDR) to land owners.
Other reasons which resulted in TDR were uncompleted developmental projects with opposition from land owners. Even the increased land prices contributed to this. This right would help owners to transfer their land to new owners while selling it. Kunju further stated the example of the successful implementation of this policy in Maharashtra.
Depending on the land been acquired, owners will be given waiver on floor area issues . Thus this policy will help government of Kerela to not to provide compensation to the land owners immediately. Private secretary of revenue minister Adoor Prakash also agreed with the non payment of IB.
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Development Rights (TDR), Developmental projects, IB, Infrastructural Bonds, kerela, kerela land acquisition, land owners, Maharashtra, Rehabilitation and Resettlement (R & R), Revenue department, Revenue minister, Thiruvananthpuram, Trivandrum
[...] TDR – Helpful in land acquisition [...]
[...] TDR – Helpful in land acquisition [...]
[...] TDR – Helpful in land acquisition [...]
[...] TDR- Helpful in land acquisition [...]