New transferable development rights rules hit landowners hard
BENGALURU: G Nagaraj, a landowner in Kothanur, surrendered 70,000 sqft of his land for a road-widening project connecting Hennur and Kempegowda International Airport in 2015. Though it was farmland, the Bruhat Bengaluru Mahanagara Palike agreed to give him 1.5 times of floor area as compensation under the old transferable development rights (TDR). That was in December 2016.
Three months later, the state government framed new rules for TDR. Nagaraj’s life turned upside down. His attempts .. Read more
Courtesy: The Economic Times