More TDR offer to Real Estate projects in Pune

Pune Mahanagarpalika

By Accommodation Times News Service

Pune civic body may offer more TDR against the land acquired for transport project. The PMC general body is likely to decide on the proposal of TDR. A whopping 8 crore sq ft TDR will be available for development in the city

The real estate market may get a booster shot if the corporators okay a proposal to allot transfer of development rights (TDR) against land acquisition for the long-pending High Capacity Mass Transit Route (HCMTR) project. The HCMTR is a land route earmarked under the development plan of 1987 for swift movement of public transport vehicles and a rail-based corridor. The civic body is planning to develop nearly 34-km route for this project.

The PMC general body is likely to decide on the TDR proposal. A whopping 8crore sq ft TDR will be available for development in the city. The proposal has already been okayed by the standing committee. “Land acquisition has been an obstacle in making the HCMTR projects a reality. The development TDR will give a momentum to the land acquisition process. People who own the land and also wish to develop it will benefit the most,” said deputy mayor Aba Bagul.





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