In order to promote the utilization of transferable development rights (TDR) within the state and generate market demand, the municipal administration department has mandated that 10% of the built-up area in high-rise buildings exceeding 10 floors must be allocated through TDRs.
This initiative aims to assist landowners possessing TDRs in benefiting from the government order.
Currently, the GHMC and other agencies provide TDRs as an alternative to cash compensation for landowners whose properties are acquired for various projects and road expansions. However, there is a lack of interest in TDRs, forcing owners to sell their TDRs at significantly reduced prices. TDRs can be utilized for additional built-up space if a builder or developer wishes to employ them.
The state government has now resolved to issue TDRs to landowners for the acquisition of land parcels intended for the development of water bodies and the widening of nalas, offering TDRs to property owners as a viable solution to address this issue.
Special Chief Secretary (Municipal Administration) Jayesh Ranjan, in a government order issued on Friday, stated that TDRs would be allocated for private land parcels that are likely to be impacted at the full tank level (FTL), maximum flood level (MFL), and within the buffer zones of water bodies. As the government plans to acquire land parcels for the development of the Musi riverfront and water bodies, TDRs will be issued to owners of patta land and structures that may be affected.
Prior to the issuance of TDRs for water bodies and nalas, it is necessary to obtain clearances from officials at the level of executive engineer of the irrigation department and above, as well as from the additional collector of revenue, for the affected portions of land in order to claim any compensation, as stated in the government order. “There will be no requirement for a no objection certificate (NOC) concerning lakes where the final FTL notification has already been issued.
Additionally, for large land parcels exceeding one acre, prior approval from the state government is mandatory before the issuance of TDR,” the order specified.The government stated that if a landowner voluntarily relinquishes their land located within the Flood Threat Level (FTL), Minimum Flood Level (MFL), or buffer zones of water bodies at no cost, they will be granted relaxations on setbacks for the remaining land or building, or the option to add an additional floor to the proposed building.
