Construction in the suburbs of Bombay could accelerate with the Maharashtra government delaying its revised policy on transferable development rights (TDR) with ongoing reconstruction projects on narrow roads.
The urban development department headed by the chief wrote to the municipality of Mumbai indicating that the revised policy should not be applied to ongoing reconstruction projects that face roads less than 30 feet wide.
The grant was applied to all construction projects, such as the municipality granted the initial construction authorization or the start certificate.
But the corridor that imposed this concession would apply to the extension of the approved construction rights.
TDR, which is issued in the form of a development rights certificate is an essential tool for builders, as they allow additional building rights when building or revalorizing buildings. It can also be sold in the market.
A TDR is generated when a landowner sells the land for public facilities or reserved for the expansion of new roads / roads in residences or built slum form or people affected by the project, at no cost.
In addition, the owner of a property marked as the I and II heritage equity categories may benefit from TDR for the potential development of land that is not used due to restrictions on construction.
While reviewing TDR’s policy for Mumbai November 16, 2016, the department-led department head had linked the width of the road forward for the first time.
While encouraging the use of TDR on broader roads, the new policy had banned road construction projects at less than 30 feet wide.
On March 16, 2017, Bombay Municipal Commissioner Ajoy Mehta addressed the government, saying that the measure would affect more than 250 reconstruction projects underway on those narrow roads.
“We (the civic corps) have stopped issuing additional development permits for this type of construction projects pending the government’s response to the consultation. Prosecutors were asked not to use TDR until now,” said a civil high level.
Clarification of the government, which was transmitted on July 7 Mehta, has now cleared the covers for full utilization of the development potential of these construction projects.
The State also indicated that refurbishment of slums and reconstruction of deteriorated, banned and dangerous buildings in areas regulated by the Coast-II Regulatory Area could benefit from additional construction rights in the context of the revised TDR policy.
The civic body has stopped allowing the TDR for this type of projects with the Government’s notification in the year 2016 in relation to the revised policy contains a clause that does not apply in the case of CRZ zones. Another 150 projects were blocked because of this, civil authorities said.
In the meantime, the Ministry has issued orders incorporating the provision of compensation to owners of encumbered plots required for essential public projects in TDR’s new policy.
Under the provisions, a TDR from 25% of the land area would be provided to the owners of a totally disordered plot.
While for packets that are partially congested, a TDR at 100% of the non-congested part and 25% for the invaded area would be applicable.