Mumbai builders got Rs 13 crore TDR in last 20 years

Mumbai builders got Rs 13 crore TDR in last 20 years
14/08/2017 , by , in News/Views

A mind-boggling 13.2 crore square feet of transfer of development rights (TDR) has been used by developers to build towers and redevelop housing societies over the past two decades in suburban Mumbai. This is equivalent to the built-up area of nine Nariman Points and Bandra-Kurla Complexes combined.

More than half of this TDR has been loaded to construct taller buildings between Bandra and Andheri in the western suburbs, which command some of the highest property prices in the city.

TDR is a construction incentive offered to builders who redevelop slums free of cost or to a land owner who surrenders his/her plot for a public amenity or road widening. Instead of offering them cash, BMC gives them TDR that they can use to build on another plot. Slum redevelopment schemes in the city generated the highest quantity of TDR (8.4 crore square feet), followed by Reservation TDR (3.5 crore square feet) and Road TDR (1.2 crore square feet).

Way back in 1993, the year when TDR started to be issued to land owners, the civic administration released a total of 7.57 lakh square feet of TDR. And this year, about 27.55 lakh square feet of TDR was released between January and June.

The latest data, compiled for TOI by the BMC’s development plan department, shows the rampant and unplanned development that has occurred in the suburbs due to TDR. Since last year, the government has also allowed it to be used in the island city, raising fears among civic activists that it could lead to further densification in the already congested enclaves.

Ashutosh Limaye, national director, research, JLL India, said TDR created high-density development in highly-sought areas like Bandra-Khar and changed the character and skyline of these suburbs. The civic infrastructure development, he added, could not keep pace with the unabated construction in the suburbs. “It reduced rain water absorption and put pressure on storm water system,” he said. Limaye said the original idea behind TDR was to allow BMC to get land to create social infrastructure and reduce slums.

Architect Nitin Killawala said Slum TDR has created luxury apartments on slum lands under the garb of slum clearance. “Slum TDR is a sham and government should discontinue it. In the name of free slum houses, they allowed free sale component to insane level,” he said.

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