Now, transferable development rights can be used anywhere in Bengaluru
BENGALURU: The state govt has liberalised the usage of transferable development rights (TDR) certificates in Bengaluru. The new order, issued Tuesday, allows development rights certificates (DRCs) or TDRs to be used anywhere within the jurisdiction of the Greater Bengaluru Area (GBA), regardless of local planning area (LPA) limits. This is the second major reform to the TDR framework in the past one year and is expected to make the market more attractive to builders, landowners, and intermediaries. GBA, currently spread over 709 sq km, includes both core and peripheral regions under the restructured BBMP jurisdiction. Earlier, DRCs issued by one…