Latest Answer: And the Oberoi Realty has bid for all the 3 plots. As per MMRDA, they have received 14 bids to its e-tender. The financial bids for this auction will be opened on June 25 and after the evaluation of the same winning bidders would be announced.
Latest Answer: Hi ravindra and Saran,
As per Deputy Metropolitan Commissioner, it happened because there has always been a demand for TDR but there was no supply for the last few years. At the same time, there was a slowdown in the real estate sector. Since we are now seeing some level optimism in the sector we decided to sell the TDR to generate funds for funding our projects.
Latest Answer: The government also introduced the slum TDR in 1997. Developers, who undertake redevelopment of slums for free, obtain this TDR. The TDR can be used in suburbs which are situated north to the slum. This doubles the built-up area available to the developer above the usual FSI permitted on the plot.