Maharashtra: TDR Becomes Key Currency for Infrastructure
NAGPUR: An innovative infrastructure model being tested in the Besa-Pipla Nagar Panchayat is sparking debates about the potential for Transferable Development Rights (TDR) to become a new form of currency for civic development initiatives. Following the launch of what is considered Maharashtra’s first road project developed via a TDR-based framework, the local authority has initiated another such project, reigniting discussions about its sustainability and long-term viability. Unlike traditional civic infrastructure projects funded through government grants or municipal budgets, the TDR-based model enables developers to undertake construction in exchange for benefits related to development rights. This approach significantly lowers direct financial…