transfer of development right
Maharashtra government to reconsider proposed TDR policy
The Maharashtra state government has decided to put the proposed uniform Transfer of Development Right (TDR) policy draft on hold and will issue a revised one shortly. Housing minister Prakash Mehta has said that the government will re-look the draft of the revised TDR policy. The proposed TDR policy had unnerved Mumbai’s builders because it […]
Rising TDR Rates Put Redevelopment Projects in Jeopardy
Mumbai has seen a sudden hike in transfer of development rights (TDR) rates from Rs. 2,500 to Rs. 4,000 per sq.ft in the last two months. As a result, redevelopment projects in Mumbai suburbs may get jeapordized. The increase in TDR rates has forced several builders to renegotiate deals with housing societies. Some other builders […]
