TDRs facilitate easy property acquisition
The Hindu
GHMC has issued 864 TDRs so far, which, in area terms, translate to about 350 acres
Transferable development rights (TDRs) issued in lieu of compensation for property acquisition have been gaining traction in the city gradually.
The Greater Hyderabad Municipal Corporation (GHMC) has issued a total of 864 TDRs so far, which, in area terms, translate into 16,95,449 square yards or about 350 acres.
The State government, with a view to avoid payment of increased compensation for land acquisition as per the new Land Acquisition legislation, has enhanced the TDR extent to four times the original area forgone for public utility projects.
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