Telangana to Issue TDRs for Land Near Water Bodies
Representative Image HYDERABAD: In a bid to promote the utilization of transferable development rights (TDR) in the state and generate market interest, the municipal administration department has stipulated that 10% of the built-up area in high-rise buildings exceeding 10 floors should be allocated through TDRs. This initiative aims to benefit landowners holding TDRs. Currently, the GHMC and other agencies offer TDRs instead of cash compensation for land acquired for various projects and road expansions. However, there is minimal demand for TDRs, forcing owners to sell them at significantly reduced prices. Developers can utilize TDR for additional built-up space. The state…