Click to play videoMumbai: TDR, a three-letter acronym that produced a concrete jungle in Mumbai, stands for Transfer of Development Rights.
It means if a property developer surrenders his plot of land and offers to build homes free of cost for slum dwellers or those displaced due to infrastructural projects, he gets proportionate property development rights northward of that plot. He can then sell the property so developed in the open market.
The TDR was to be an incentive for builders to construct homes for the underprivileged. But this led to other complications.
- Since the plot where development could take place had to be north of the surrendered plot, it led to congestion of the suburbs.
- It also led to haphazard and unplanned development in the suburbs.
- There was an increased the pressure on suburban infrastructure.
A Vile Parle-based activist and former builder, Bhagwanji Raiyani, filed a Public Interest Litigation in the Bombay High Court asking for a total ban on TDR, following which the court in an interim order banned the use of TDR along the Eastern and Western Express Highways and the Eastern and Western suburban railway tracks.
“TDR destroys the city,” Raiyani says.
Judgment in the case is expected on Monday and while on one hand it could lead to a change in Mumbai's skyline, on the other it could ensure adequate open spaces in the city.
(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)
More on IBNLive Right Now
TOP NEWS
MOST SHARED
PHOTOGALLERY
