Here we are sharing a piece of big news with you the Maharashtra state government has stated changes in the Development Control Rules (DUR) for the Dharavi Redevelopment Project. The report permits the use of Transfer of Development Rights (TDR) without an indexation. Since the news came on the internet it circulated on social networking sites. This news has left many questions in people’s minds and now lots of people are super curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article, so let’s continue the article.
Dharavi Redevelopment Project
This change in regulations is probably to give more value to the Adani Group for the TDR generated from the Dharavi Redevelopment Project (DRP) and mandate all city builders to purchase the first 40 percent of their needed TDR from DRP only. The report also said the state government’s Urban Development Department has changed the laws through a notification. Currently, this news has been making headlines on the internet as lots of people want to know complete information about the news. Scroll down to the next page for more information about the news.
As per the existing rules, there has been an indexation provision for the use of Transferable Development Rights (TDR), This indicates that there would not be any cap on area-specific use of the TDR. For instance, if 1,000 square feet of TDR is caused by a special project, there will be no limitation on its use in premium real estate markets such as South Mumbai. But, only 100 square feet of it is permitted to be used. You are on the right page for more information about the news, so please read the complete article till the end.
As far as we know, the change in rules tells us there will be a similar quantum of forged TDR available for benefit. Therefore, the entire area generated from TDR can now be used in areas like South Mumbai or Vile Parle, where real estate is expensive, the report said. As per the report, the information has a condition that mandates the real estate builders in Mumbai to purchase the first 40 percent of their needed TDR from the Dharavi Project before utilizing other TDR. Here we have shared all the information that we had. Stay connected with us for more updates.