Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Real Estate Forum on Transfer Of Development Right

Real Estate Property Discussion Forum and Guide to Real Estate Queries

Filter On:


View Discussion from the month of
Q: The directorate of town planning, Pune, has initiated the process to call suggestions and objections regarding the rules made public in November last year
Latest Answer: Because of this issue, the state government has proposed many changes such as sharing revenue of the premium charged and use of transfer development rights (TDR) for plots with road width more than 9m. Dhananjay Khot, additional director of town planning in the Kolhapur Municipal Corporation told that the civic bodies such as the KMC are totally dependent on the revenue generated through the premiums charged to builders and therefore, the clause should be withdrawn.
Reply


Q: The market is running with a belief that FSI will go up, and that the option to buy additional TDR is beneficial for Mumbai real estate companies. Is that belief correct?
Latest Answer: Yes, earlier, TDR was available like any other commodity. It could be used anywhere in any part of Mumbai. The price was neutral. Demand and supply were the guiding factors. But today, it is very clearly differentiated based on RR rates.
Reply


Q: What is TDR and how much land is available for TDR in Mumbai?
Latest Answer: Good evening friends, 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.
Reply


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.
Reply


Show More
Ask a Question
120 Characters Left

    Ask a Question
    120 Characters Left





      Trending Categories








      CommonFloor Property Search Mobile App now available on Android, iOS and Windows!