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 government has now decided to issue TDRs to landowners whose properties are affected by water body development and nalas widening, considering this strategy effective for addressing the issue.
Special Chief Secretary (Municipal Administration) Jayesh Ranjan, in a government order issued on Friday, indicated that TDRs will be granted for private land parcels likely impacted by Full Tank Level (FTL), Maximum Flood Level (MFL), and buffer zones around water bodies. The government is particularly focusing on land parcels for Musi Riverfront development.
Before issuing TDRs for water bodies and nalas, necessary clearances must be obtained from relevant officials at the executive engineer level in the irrigation department and additional collectors for the affected land portions, as stated in the order.
“No objection certificates (NOCs) will not be required for lakes where the final FTL notification has already been issued. Also, for larger land parcels exceeding one acre, prior state government approval is mandated before TDR issuance,” the order specified.
The government also mentioned that if a landowner voluntarily surrenders land that falls within the FTL, MFL, or buffer zones without compensation, they will receive setback relaxations on the remaining property or the option for an additional floor in future developments.
