Mangaluru Adopts TDR for Affordable Housing
Real Estate

Mangaluru Adopts TDR for Affordable Housing

Mangaluru, renowned for its scenic landscapes, is now making waves in urban development with a pioneering decision by the civic body. The city plans to address the escalating demand for affordable housing by adopting Transferable Development Rights (TDR) as a means to acquire land for housing schemes.

This strategic move allows the municipality to navigate the challenges of land acquisition and allocation more efficiently. TDR facilitates the purchase of land from willing sellers, providing them with development rights in other parts of the city. This not only streamlines the acquisition process but also ensures equitable distribution of housing development opportunities.

The decision comes at a crucial juncture when urban centres grapple with the pressing need for housing solutions. Mangaluru's civic body, by embracing TDR, not only showcases forward-thinking urban planning but also sets an example for other municipalities to explore innovative methods in addressing housing challenges.

This paradigm shift in land acquisition methods is poised to reshape the city's skyline, making affordable housing more accessible to its residents. As Mangaluru pioneers this approach, the ripple effect on urban development strategies across the nation is anticipated. Stay tuned for updates on this transformative journey.

Mangaluru, renowned for its scenic landscapes, is now making waves in urban development with a pioneering decision by the civic body. The city plans to address the escalating demand for affordable housing by adopting Transferable Development Rights (TDR) as a means to acquire land for housing schemes. This strategic move allows the municipality to navigate the challenges of land acquisition and allocation more efficiently. TDR facilitates the purchase of land from willing sellers, providing them with development rights in other parts of the city. This not only streamlines the acquisition process but also ensures equitable distribution of housing development opportunities. The decision comes at a crucial juncture when urban centres grapple with the pressing need for housing solutions. Mangaluru's civic body, by embracing TDR, not only showcases forward-thinking urban planning but also sets an example for other municipalities to explore innovative methods in addressing housing challenges. This paradigm shift in land acquisition methods is poised to reshape the city's skyline, making affordable housing more accessible to its residents. As Mangaluru pioneers this approach, the ripple effect on urban development strategies across the nation is anticipated. Stay tuned for updates on this transformative journey.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?