Mumbai, July 9 (IANS) In a major push to resolve long-standing real estate bottlenecks in Mumbai’s western suburbs, Chief Minister Devendra Fadnavis on Thursday directed administrative bodies to fast-track the redevelopment of dilapidated structures that are caught between stringent aviation and defence security guidelines. The directives target structures within the Airport Funnel Zone, covering Santacruz, Vile Parle, and Kurla, as well as buildings within safety perimeters around the Juhu Mili…
Latest Transferable Development Rights News & Updates
Hyderabad, March 22 (IANS) The Telangana government has amended building rules, relaxing TDR norms for builders in Hyderabad up to Outer Ring Road limits.The government has issued a Government Order (GO) to enhance flexibility in the rules related to the utilisation of Transferable Development Rights (TDR) for building constructions. Amendments relating to utilisation of TDR, relaxation of building parameters and rationalisation of utilisation of TDR provisions are expected to boost real estate …
Bengaluru, March 12 (IANS) The Enforcement Directorate (ED), Bengaluru Zonal Office, on Thursday filed a prosecution complaint (chargesheet) against Valmark Realty Holdings Private Limited and 19 other accused, including certain officials of the Bruhat Bengaluru Mahanagara Palike (BBMP), in connection with an alleged fraud involving the illegal acquisition of Transferable Development Rights (TDR) through falsified documents.According to an official release, the case pertains to the fraudulent pr…