TRANSFER OF
DEVELOPMENT RIGHTS (TDR)
1. WHAT IS TDR?
Transfer of
Development Rights (TDR) means making available certain amount of additional
built up area in lieu of the area relinquished or surrendered by the owner of
the land, so that he can use extra built up area either himself or transfer it
to another in need of the extra built up area for an agreed sum of money.
2. Purpose of
TDR:
The process of
land acquisition in urban areas for public purpose
especially for
road widening, parks and play grounds, schools etc., is complicated, costly and
time consuming. In order to minimize the time needed and to enable a process,
which could be advantageously put into practice to acquire land for reservation
purposes mentioned above.
3. Legal Basis
for TDR:
The Government of
Karnataka felt it necessary to amend the K.T.C.P Act 1961 in order to empower
the local bodies (Corporations / Planning Authorities) to permit additional FAR
for the land handed over free of cost whenever such lands are required for road
widening, and / or for formation of new roads or for development of parks,
playgrounds and other civic amenities etc. As a result the Government has
inserted a new section
14B in the
K.T.C.P Act 1961.
4. Development
Rights Certificate (DRC), whether Transferable /Inheritable:
If the owner of
any land which is required for road widening for formation of new roads or
development of parks, play grounds, civic amenities etc., those proposed in the
plan shall be eligible for the award of Transferable Development Rights. Such
award will entitle the owner of the land in the form of a Development Rights
Certificate (DRC). Which he may use for himself or transfer to any other
person.
Contact Details
Office :- 022 - 2895 32 32 / 022 - 2894 87 47 / 022 - 28906363
MobileNumbers
Neeta Shah - 9821411063
Parth Shah - 9821911063
Kalpesh Shah - 9821106543
Manish Sheth - 9821728465
Skype Id :- neeta.shah30
Email: neeta@aasharealtors.co.in
Shop No. 2 & 11 , Shailesh Apartments,
Borivali West, Mumbai – 400103,
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