TDR absorption reduced to half under in DCR for Mumbai

By Accommodation Times News Services New revised Draft DCR 2034 for Mumbai announed on 8th May 2016 to be notified in due course have reduced consumption / absorption of TDR. Transfer of Development Right (TDR) generated through various methods like Road, Slums, heritage are obligatory for Mumbai Municipal Corporation to honour

TDR rates fall on nose in Mumbai

By Accommodation Times News Services After announcement  of Transfer of Development Right (TDR) restriction according to adjacent road and its width by Maharashtra Government for Mumbai, TDR rates have fall flat. The government wants to compete with TDR market, says industry expert. The Additional FSI sale as premium and called as

TDR use restricted in Mumbai

By Accommodation Times News Services Government of Maharashtra has have come up with restrictive norms for Transfer of Development Rights. The TDR generated can be used and absorb according to road attached to the plot. Roads between 9 to 12 mtrs will have 50% loading and absorption. Roads between 12 to 18 mtrs

TDR not to attract Capital Gain Tax : Bombay High Court

By Accommodation Times News Service Bombay High Court in the matter INCOME TAX APPEAL NO. 1356 OF 2012 , Commissioner of Income Tax -18 v/s Sambhaji Nagar Co­op. Hsg. Society Ltd. have observed that TDR generated under DCR by the society is not to be taxed under Capital Gain Tax. "...Thus, the conclusion of the Hon'ble Supreme Court is that an asset which is capable of acquisition at a cost would be included within the provisions pertaining to the head “Capital gains” as opposed to assets in the acquisition of which no cost at all can be conceived.  In the   present