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.
A civic official said if a construction firm wishes to develop part of the HCMTR, it will get a development TDR, which it can use in its other projects. Nearly 34 km long and 24 metre wide road proposed in the 1987 development plan is yet to see the light of the day. The PMC has so far acquired only 30% land and completed only 60% markings on the route.
The mass transit corridor, which will pass through areas like Hadapsar, Mundhwa, Salunkhe Vihar, Market Yard, Parvati, Vishrantwadi and go up to the airport, will help reduce congestion on existing roads.
The civic body will have to acquire land from private owners for a 16km section, while a 3.88km stretch of the route passes via land owned by the irrigation department. Civic officials said the TDR will be allotted for commercial and residential zones.