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Maharashtra government to re-look proposed TDR policy draft

Maharashtra has decided to put the proposed uniform Transfer of Development Right (TDR) policy draft on hold and will issue a revised one shortly. Housing minister Prakash Mehta said that the government will re-look the draft of the revised TDR policy.

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Maharashtra has decided to put the proposed uniform Transfer of Development Right (TDR) policy draft on hold and will issue a revised one shortly. Housing minister Prakash Mehta said that the government will re-look the draft of the revised TDR policy.

"If we continue with the proposed policy, redevelopment of Mumbai will stop. The proposed policy has several flaws," Mehta said.

Chief minister Devendra Fadnavis is in Davos to attend the 45th annual summit of World Economic Forum as a special invitee. "Once the chief minister returns, we will issue a final draft for suggestions and objections," Mehta said.

dna had reported that Mumbai needs a separate TDR and a uniform policy for the state was not in anyone's interest. Among the many other flaws in the policy was the linking of TDRs and road width. Under the new policy, developers will not be able to upload TDR if the width of the abutting road in the project is less than 9 metres.

As per the earlier draft, 0.75 TDR along with an FSI of one was proposed for a road width between 12 to 18 m. For a road width of 18 -24m, 1 TDR was proposed, and for a road width of 24-30m, 1.25 TDR, and for a road width above 30m, the TDR proposed was 1.5.

In Mumbai, there are only a few roads like SV Road and Link Road, which are more than 30 metres wide. The rest of the roads are below 9 metres. Interestingly, most of the proposed redevelopment projects involve roads which are less than 9 metres wide. This would have meant redevelopment of 80% of Mumbai's old and dilapidated buildings would not take place.

Sunil Mantri, president of NAREDCO, an umbrella body of developers, welcomed the decision. "A revision of the existing TDR policy is needed. If it's revised, existing tenants and owners of small houses will get bigger houses after redevelopment. We will also able to rehabilitate project-affected persons under the TDR policy," Mantri said.

 

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