Latest Answer: Right Kishore,
If DCR 2034 applied then a builder will have to pay more to the BMC than the tenants of a building. As a result, the excess FSI that a builder would get would be used to cover the increase in cost due to this price increase. Base FSI will be 1.5, if allowable FSI is 8, most of the other 6.5 FSI has to be bought from the BMC at the new premium rate. As a result builder will get no advantage and if they would not get any advantages then no way he can pass on any benefit to the buyer.
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.
