Landowners irked by new TDR (Transferable Development Rights) in Bangalore

Dated on: Thursday 28th December 2017

Karnataka government decided to frame new rules for TDR in March, 2017 after withdrawing its old policy. Until now, in TDR, compensation amount of surrendered land was fixed according to zone-wise classification. Guidance value for agriculture land is fixed at Rs 440 per sqft; on the other hand, non-agriculture land is fixed at Rs 4,000 per sqft. In spite of that; there is obscurity in fixing the land value and type. Landowners are trying so hard to get Development Right Certificate (DRC), but haven’t got any success; even they have surrendered a portion of their property to the BBMP (Bruhat Bangaluru Mahanagara Palike) 5 to 6 years ago.

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