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Transfer of Development Rights

Nesar

Undivided Share of Land: All You Need to Know!

Undivided Share of Land (UDS) is an important aspect of property buying. It is essentially the UDS in accordance with the built up area of the apartment that determines the appreciation value of the property, says BS Nesar, Executive Director of Concorde Group. He shared his valuable insights on the significance of undivided share of […]

nikunj.j

certificate

Need to make Occupancy Certificate mandatory in Bengaluru

Are you living in an apartment in Bengaluru which does not have an Occupancy Certificate (OC)? Then you may be in a quandary due to the recent decision taken by the Karnataka government making it mandatory for builders to provide home buyers with an OC. The Karnataka Chief Minister said that the government plans to […]

ranjan.j

TDR Bank: The last resort to cash crunched BBMP

In a move to expedite the process of road widening in Bangalore, the BBMP council is all geared up to start a TDR (Transfer of Development Rights) bank. The cash-starved civic body has been pondering for quite sometime now to move ahead with the TDR scheme, despite having no answers for its financial mess. According […]

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 […]

karthik.k

Guidelines For Transfer of Development Rights

Transfer of Development Rights (TDR) programs can be easier to implement than typical zoning programs. The idea of transferring development rights between properties was first introduced in New York City with the passage of the first American zoning ordinance in 1916. Many other countries have since then adopted this system to plan urban development. TDR […]

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