Tag: Transferable Development Rights

IndustryLatest Stories

Hyderabad: GHMC’s 15 Lakh Sq Yards of TDR Raises High-Rise Costs

HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) has over 15 lakh square yards (equivalent to 316 acres) of Transferable Development Rights (TDRs) valued at ₹2,000 crore. Builders and developers believe these TDRs can satisfy Greater Hyderabad’s construction demands for the next two to three years. The state government intends to issue additional TDRs to property owners affected by land acquisitions for projects like the Musi rejuvenation, flyovers, road expansions, and lake development. The GHMC has issued TDRs amounting to 51.83 lakh square yards (about 1,070 acres) to property owners since 2017 after acquiring land for road widening and other public…

IndustryLatest Stories

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…

IndustryLatest Stories

Nagpur First in State to Issue TDR Certificates for Encroached Land

NAGPUR: In a groundbreaking initiative in Maharashtra, the Nagpur Municipal Corporation (NMC) has commenced the distribution of Transferable Development Rights (TDR) certificates to original landowners whose properties have been encroached by slum residents. This initiative, spearheaded under Chief Minister Devendra Fadnavis, aims to address a long-standing conflict between landowners and encroachers. For years, private land plots in Nagpur were taken over by slum clusters, hindering landowners from developing their properties while residents lacked legal rights due to insufficient documentation. This state government scheme seeks to resolve both issues—landowners will receive TDR certificates that can be sold for financial compensation, while…

Latest StoriesRegulatory

Lodha Developers’ Ex-Director Sold Land to Son’s Firm Illegally: Police

MUMBAI: Rajendra Lodha, former director of Lodha Developers, was arrested for alleged fraud. Authorities claim he received large sums of cash from land transactions and sold a plot to his son’s company without proper authorization. During a court hearing on Tuesday, police requested his further remand as they seek to delve deeper into the complexities of the financial transactions involved. The Additional Chief Metropolitan Magistrate V R Patil extended Lodha’s custody until September 29. The 59-year-old suspect was taken into custody on September 17 by the Mumbai police’s crime branch. He has been accused of colluding with others to sell…

InfrastructureLatest Stories

Ahmedabad Utilizes 92% of Rs 2,561 Crore in TDR Rights

Representative AI image AHMEDABAD: The city has effectively utilized transferable development rights (TDR) for initiatives ranging from slum redevelopment to heritage restoration, positioning itself as one of India’s most vibrant TDR markets. By 2025, Ahmedabad is set to absorb 95% of its total TDR — Rs 2,561 crore out of Rs 2,778 crore. TDR allows the transfer and sale of unused development potential from one property to another. This information was shared during a conference on ‘Global Best Practices in City Densification through Innovative Planning Tools and Techniques’ by Cept University professor and member of the Gujarat Housing and Labour…