Owners getting extra FAR

Q: I heard some people are getting extra FAR under TDR. What does it mean?

anish, Chandigarh

2nd March 2013

Real estate News in Delhi

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TDR model is started in few cities like Bangalore, Hyderabad and Ahmedabad for creating better road networks. Several agricultural lands have been acquired by the state governments of these cities for this purpose. As the Delhi Government is planning to widen more roads, the value of the farmland is also likely to rise.

Vikash V, Ahmedabad

8th March 2013

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This plan is a part of Transferable Development Rights (TDR) under the new Master Plan that looks to provide flexibility for those who want to transfer their land for public utilities and get a floor area certificate in return. At a time of scarce land availability through this method, DDA gets land and owners also get some benefited in return. It is very much needed to increase the FAR in the city. Or else people will not be able to find residences in Delhi.

Kishore Pathak, Mumbai

8th March 2013

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As per the new Master Plan of Delhi, if a part of any property comes in the way of a development project which is carried by Delhi Development Authority, then the DDA will have complete right to acquire the land but in return, as a part of compensation, the Authority has to give additional Floor Area Ratio (FAR). The landowner will be allowed to build additional floors on the property of which some portion is given for public use.

Jeet Bhaskar, Delhi

7th March 2013

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Thanks for replying Pranjal.. I actually wanted to the reason for which govt giving extra FAR to some of the owners in the city..

anish, Chandigarh

7th March 2013

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TDR stands for transferrable development rights. Many a times developers may use TDA, so that they achieve extra floor area above the base floor area ratio (FAR). Are you talking about any particular projects?

Pranjal, Delhi

6th March 2013

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