Mangaluru City Corporation proposes TDR boost for landowners
Real Estate

Mangaluru City Corporation proposes TDR boost for landowners

In an effort to assist property owners, particularly those with small land holdings in the city, the Mangaluru City Corporation (MCC) has suggested an increase in the transferable development rights (TDR) granted to individuals who surrender their land for road widening and development projects.

Currently, property owners who relinquish their land for development projects receive a TDR equal to twice the amount of land surrendered. The MCC is proposing an enhancement of the TDR, with a scale of 2.5 times for 15-25% land acquisition, three times for more than 25% acquisition, and four times if the owner is unable to utilise the remaining land after acquisition.

The MCC will submit a proposal to the government for necessary amendments to the rules in this regard. Chief whip of the MCC council, Premanand Shetty from the BJP, highlighted the potential benefits of road widening in addressing the narrow roads in the city, ultimately fostering economic and social activities.

As per the existing TDR Rules of 2016, property owners are entitled to a TDR of two times the acquired land. The proposed changes aim to address the challenges faced by those surrendering a significant portion of their land, making it difficult for them to utilise the remaining land for construction. The MCC council, following approval, will forward the proposal to the state government for necessary amendments to the TDR rules.

However, the opposition from the Congress is evident. Corporator AC Vinayaraj from the Congress questions the feasibility of amending TDR rules for a single city corporation, expressing concerns about the legal aspects of the decision made by the Mangaluru City Corporation council.

In an effort to assist property owners, particularly those with small land holdings in the city, the Mangaluru City Corporation (MCC) has suggested an increase in the transferable development rights (TDR) granted to individuals who surrender their land for road widening and development projects. Currently, property owners who relinquish their land for development projects receive a TDR equal to twice the amount of land surrendered. The MCC is proposing an enhancement of the TDR, with a scale of 2.5 times for 15-25% land acquisition, three times for more than 25% acquisition, and four times if the owner is unable to utilise the remaining land after acquisition. The MCC will submit a proposal to the government for necessary amendments to the rules in this regard. Chief whip of the MCC council, Premanand Shetty from the BJP, highlighted the potential benefits of road widening in addressing the narrow roads in the city, ultimately fostering economic and social activities. As per the existing TDR Rules of 2016, property owners are entitled to a TDR of two times the acquired land. The proposed changes aim to address the challenges faced by those surrendering a significant portion of their land, making it difficult for them to utilise the remaining land for construction. The MCC council, following approval, will forward the proposal to the state government for necessary amendments to the TDR rules. However, the opposition from the Congress is evident. Corporator AC Vinayaraj from the Congress questions the feasibility of amending TDR rules for a single city corporation, expressing concerns about the legal aspects of the decision made by the Mangaluru City Corporation council.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement