TDRS

Godrej Properties has acquired Transfer of Development Rights (TDR) certificates worth Rs 50 crore for its Sector 43 project in Gurgaon, a novel practice in the NCR region but common in Mumbai. These certificates allow for an additional 300,000 sq f...

The concept of TDRs originated in New York City in the early 1960s. While it has been utilized worldwide since then, it has garnered increased attention, particularly in major Indian cities over the past few decades. This surge in interest is driven...

The TDR mechanism allows transfer of unused development rights from one zone to another and these rights can be bought by developers at a certain price to increase their permissible development in a project depending on the location. In the prevaili...

Adani Group-led SPV Adani Properties has accused vested interests of delaying the urban transformation work for Asia's largest slum in Mumbai. The state government has made the use of 40% transferable development rights (TDRs) from the Dharavi redev...

The Congress has been targeting the Adani group, accusing it of benefitting from the BJP government and has been demanding a JPC probe into the allegations made by by a US Research group Hindenburg. The business conglomerate has denied any wrongdoin...

The real estate sector in India contributed approximately Rs 2 lakh crore to the revenue of states and Union Territories (UTs) during the last financial year, according to a report by Naredco-Knight Frank India. The report also projects that the Ind...

Major objectives of Aditya-L1 include the study of the physics of solar corona and its heating mechanism, the solar wind acceleration, coupling and dynamics of the solar atmosphere, solar wind distribution and temperature anisotropy, and origin of C...

Congress general secretary Jairam Ramesh alleged that changes were made to tender conditions to ensure Adani Group was the only feasible winner. The project had originally been awarded to a different bidder, he said.

In most countries, about 50% comprise grants and subsidies, followed by 31% tax revenue, and 10% user charges that have often been insufficient to recover operating and maintenance (O&M) costs. To overcome the financing gap posed by additional futur...

The government is looking to expedite the redevelopment of 11 dilapidated chawls on the National Textile Mills’ nearly 14-acre land in Mumbai soon in a time-bound manner, said Union Minister of Textiles, Commerce and Industry, Consumer Affairs and F...

While this is a single amalgamated duplex on the 29th and 30th floors, the apartments in the north and south wing of the tower have been registered separately. These apartments have been amalgamated with permission from the Municipal Corporation of ...

The TDR scheme was introduced by the state government in 2006, but failed to take off.

This gives real estate developers an opening to explore similar relief under GST through representations to the government or through judicial processes.

Washington, Aug 18 (IANS) NASA on Friday said its third and final in a series of next generation communications satellites has successfully been placed into orbit.

MMRDA has received a bid of 52,000 per sq metre, 4,800 a sq ft, for TDRs offered under an auction, which is the highest-ever bid received for TDRs.

MMRDA had put a total of 3.22 lakh sq ft of TDRs in Mumbai’s western suburbs of Goregaon and Jogeshwari for auction.

The city development agency Cidco has allowed the project-affected farmers in the Navi Mumbai Airport Influence Notified Area (airport and the surrounding areas) to commercially use up to 60 per cent of their surrendered land.

According to the draft housing policy, all TDRs issued by civic and local bodies in the state will be made through an electronic system to be developed by the state government.

The government of Maharashtra is making a crucial amendment to the rules for Transferable Development Rights (TDR) for heritage properties.