“Do You Know What Is Transfer Of Development Rights”

TRANSFER OF DEVELOPMENT RIGHTS (TDR)

WHAT IS TDR?

Transfer of Development Rights (TDR) means making available a certain amount of additional built-up area in lieu of the area relinquished or surrendered by the owner of the land so that he can use extra built-up area either himself or transfer it to another in need of the extra built-up area for an agreed sum of money.

Purpose of TDR

The process of land acquisition in urban areas for public purposes especially for road widening, parks, and playgrounds, schools, etc., is complicated, costly, and time-consuming. In order to minimize the time needed and to enable a process, which could be advantageously put into practice to acquire land for preservation purposes mentioned above.

Development Rights Certificate (DRC), whether transferable / Inheritable

If the owner of any land which is required for road widening for the formation of new roads or development of parks playgrounds, civic amenities, etc., those proposed in the plan shall be eligible for the award of Transferable Development Rights. Such an award will entitle the owner of the land in the form of a Development Rights Certificate (DRC). Which he may use for himself or transfer to any other person.

Zones of TDR

Based on the intensity of development, the city is divided into intensively developed (A-zone), moderately developed (B-zone), and sparsely developed (C-zone) zones in the plan. The transfer of Development Rights shall be from intensely developed zone to other zones and not vice versa.

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