TDR (Transferable Development Right)

The Concept Of TDR Was First Mooted In The Development Control Rules,

1991. It Allows The Property Owner The Right To Construct An Additional 100%

Floor Area Over And Above The Permissible Limits Under The Existing Floor Space

Index. With Effect From 25-3-1991, The City Development Control Provided An

Option To The Owner/Lessee Of A Reserved Plot To Opt For Transferable Development

Rights. This Is More Lucrative Than Monetary Compensation As Per The Market

Value Derived By The Government Authority. Transferable Development Rights

(TDR) Are Purchased And Put To Use While Carrying Out The Redevelopment Of

The Society.

v     Main Requisites For Obtaining TDR

ü      Identifying The Land Under Reservation.

ü      The Land Should Be In The Reserving Zones.

ü      Acquisition Of The Particular Land By Obtaining Development Right

                  Certificate (DRC).

In A City Like Mumbai, Where Shortage Of Space Is A Major Problem, The Concept

Of TDR Is Extremely Welcome By The Builders, Developers And Landlords.

v     Utilizing TDR Construction Purpose

For utilizing of TDR, a proposal has to be submitted in the prescribed form

To the Building Proposal Department of BMC giving details of the DRC to be

Utilized, details of the plot upon which it is to be utilized along with proposed

Building plans. A holder of DRC who desires to use the FSI certified therein

On a particular plot of land, shall attach to his applicable for development

Permission, the valid DRC to the extent required. The proposal are approved

On merits similar to any other building construction proposal and are subject

to DC regulations.

The DRC may be used on one or more plot(s) of land. The plots may be vacant

or already development by putting up a new construction or by constructing

additional storeys subject to the guidelines provided under the Development

Control Regulations.