Telangana govt TDR policy a win-win situation for all

SIBY JEYYA
The hyderabad municipal corporation-Latest Updates, Photos, Videos are a click away, CLICK NOW">greater hyderabad municipal corporation (GHMC) and property owners, builders, and developers all benefit from the telangana government's Transferable Development Rights (TDR) program. The ghmc was able to save Rs 4,832 crore in monetary compensation by issuing TDR certificates.
The property owners whose land was purchased also received the right to expand and build extra built-up space anywhere in the city thanks to the TDR certificates. They also have the option to sell the TDR certificates. Since the State government implemented a new TDR Policy in december 2017, ghmc has awarded 1,923 TDR certificates for the acquisition of land totaling 812 acres, saving the State government a total of Rs. 4,832 crores in compensation required by the new Land Acquisition Act. A total of 483 TDR certifications were granted in 2022–2023.
The TDR program allowed the ghmc to construct several flyovers, underpasses, road under bridges, road over bridges, link roads, and road widenings without having to spend tens of millions of rupees on land acquisition. The niti aayog has also recommended that other States adopt a similar method and has highlighted the telangana government's TDR Policy as one of the finest national practices for the acquisition of land for development projects.


Find Out More:

Related Articles: