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.

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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.

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