KOLHAPUR: Developers from across the city are going to approach the state government, demanding extension of deadline for using the transfer of development rights (TDR’s) procured before the new development control (DC) rules came into effect.
The new DC rules came into effect in September last year and developers claim they had procured the TDR’s worth Rs 21 crore before the rules were framed.
The TDR means making available certain amount of additional built up area in lieu of the area relinquished or surrendered by the owner of the land so that he can use extra built up area either himself or transfer it to another in need of the extra built up area for an agreed sum of amount.
The main purpose of TDR is to acquire land plots or undertake additional construction in case the planning authority finds dealing in cash inconvenient. The total size of the TDRs issued by the town planning department is over 8 lakh square meter.
Mahesh Yadav, president of CREDAI Kolhapur, said, “The new formula has come into place for calculating TDR for particular land parcel. The developers may face it difficult to use the TDR and undertake additional construction due the difference in the formula. For instance, it will be difficult to use TDR gained from internal areas for outskirts, owing to the price difference.”
He added, “We are going to demand the urban development department to extend the deadline by one year so that most of the TDR allocated by the civic body is utilised and more number of reserved plots are developed.”
The state government has restricted use of TDR and Floor Space Index (FSI) for the layouts with road width more than 9 meter. According to the civic authorities, the development plan of the city has more number of small width roads than those more than 9 meter. Therefore, the restriction may limit the development of the reserved plots.
However, on Friday UDD principal secretary Nitin Kareer clarified the municipal commissioner can make necessary changes in the DP to make more number of plots available for development using TDR. “Increasing the road width is the only option, Kareer had said.
A senior KMC official, requesting anonymity, said, “Considering the concerns raised by the developers, the government may permit use of TDR till May. Since the rules are new and the system is yet to get familiar with the clauses involved in it, the demand for extension of deadline can be justified. Similar requests have been made by the builders from other D class municipal corporation areas.”
Source : http://realty.economictimes.indiatimes.com/news/regulatory/kolhapur-developers-demand-deadline-extension-to-use-tdr/56712652