Tag: Transferable Development Rights (TDR)

IndustryLatest Stories

Nashik Sees Redevelopment Surge as Residents Exit Aging Buildings

Representative AI image NASHIK: The city is poised for a significant redevelopment initiative, with thousands of aging housing societies and apartment complexes set to be reconstructed over the next three to five years to meet the growing demand for modern residences, improved amenities, and safer buildings. This trend is already apparent in the applications received by Nashik Municipal Corporation (NMC)’s town planning department, with redevelopment projects now accounting for approximately 20-25% of all building plan proposals submitted for approval. To prepare for expected increases in residential density, NMC is simultaneously planning infrastructure upgrades to cater to the city’s needs over…

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No Misuse of Flats, TDR in Kothrud SRA: Maharashtra Minister

PUNE: On Friday, State Cabinet Minister Shambhuraj Desai clarified that there had been no misappropriation of flats or fraudulent transfers of Development Rights (TDR) in the Kothrud Slum Rehabilitation Authority (SRA) project. Desai was responding to a question from MLA Sunil Kamble, representing the Pune Cantonment constituency, who alleged that fraudulent TDRs and fake beneficiaries were being recorded for the Kothrud SRA project. Kamble called for an investigation into the wrongful allocation of additional TDR in the scheme. Kamble pointed out that questionable electricity bills, ration cards, and other documents belonging to fictitious beneficiaries had been generated. These were used…

Latest StoriesRegulatory

No delay in conveyance due to future TDR use: Bombay HC

MUMBAI: Last week, the Bombay High Court provided relief to three Vile Parle housing societies comprising ten buildings constructed in the 1970s and two from November 1990. The court upheld the deputy registrar’s authority to unilaterally grant deemed conveyance of land along with the buildings, ruling that future FSI potential concerning portions of land designated for public amenities should not hinder the process. In a ruling on June 18, Justice Sandeep Marne stated, “The conveyance of the land intended for the societies cannot be postponed until the municipal corporation acquires the land and compensates the petitioner.” Justice Marne expressed skepticism…

Latest StoriesRegulatory

Karnataka HC: Premium FAR Scheme Isn’t Akrama-Sakrama Rebranded

BENGALURU: The High Court has upheld the state’s Premium Floor Area Ratio (FAR) scheme, asserting that it should not be equated with the controversial Akrama-Sakrama scheme, which is aimed at regularizing unauthorized constructions. In its judgment, delivered on June 15, the division bench, comprising Chief Justice Vibhu Bakhru and Justice CM Poonacha, dismissed a public interest litigation and a related writ appeal, emphasizing that the Premium FAR scheme fundamentally differs from Akrama-Sakrama. The Premium FAR scheme modifies development regulations uniformly rather than legalizing illegal structures. The court noted that the Akrama-Sakrama scheme allows for regularizing unauthorized constructions through payment, while…

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GVMC Chief Accelerates LRS, TDR, and Building Approvals in Vizag

VISAKHAPATNAM: GVMC commissioner Ketan Garg has emphasized the need for town planning officials to prioritize the timely processing of building permissions, layout regularization scheme (LRS) applications, and transferable development rights (TDR) approvals. He warned that strict disciplinary action would be taken against those who delay official work or participate in corrupt practices. During a review of town planning efforts on Thursday with chief city planner A Prabhakara Rao and other officials, the commissioner expressed concern about delays in processing building permission applications from citizens. He noted that Town Planning officials were taking an excessive amount of time to address these…