E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. ALLIED

Mumbai Gets Online TDR Exchange for Buying & Selling of TDR

Mumbai Gets Online TDR Exchange for Buying & Selling of TDR

BY Realty+
Published - Monday, 28 Apr, 2025
Mumbai Gets Online TDR Exchange for Buying & Selling of TDR

Chief Minister Devendra Fadnavis and deputy chief ministers Eknath Shinde and Ajit Pawar recently inaugurated the BMC's online TDR exchange. The ‘e-TDR System' will ensure the effective implementation of the Development Plan and provide clear information to landowners regarding the purchase of Transferable Development Rights (TDR).

The marketplace will facilitate the buying and selling of TDR and manage financial transactions via a nodal bank, the SBI. All Development Rights Certificates (DRC) will be dematerialised and maintained electronically.

The initiative aims to boost transaction volume, thereby increasing demand for TDR. Common citizens can also buy Transferable Development Rights (TDR) as an investment.

The marketplace's creation is expected to help bring transparency to the sale of TDR. Individual societies or flat owners can also purchase small amounts of DRC for regularisation or extension purposes without relying on brokers. Special Planning Authorities or civic bodies such as the BMC grant DRC as compensation when they acquire land from landowners as part of the reservation or for infrastructure projects.

The holder of the DRC can sell or otherwise transfer the TDR, either fully or partially, to another party. TDR allows developers to build above the permissible floor space index (FSI), subject to a particular location or area restrictions.

RELATED STORY VIEW MORE

India’s First Cloud-Based Saas Data & Analytics Platform
Flex-Space Goes Glam: OFFIX First Flagship Luxury Co-Office in Hyderabad
R&D Boost: Godrej Enterprises Group Secures 16 New Patents

TOP STORY VIEW MORE

“Boycott Turkey” Heats Up at Mumbai Airport

Does Shiv Sena’s Ultimatum to Mumbai Airport Over Turkish Firm Signal Deepening Impact of #BoycottTurkey Movement?

15 May, 2025

How AI is Transforming Retail Globally

15 May, 2025

How Technology Is Shaping Indian Warehousing

15 May, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website