TDR policy assisting builders in developing road infra

Builders have procured approximately 70 acres of land over the past year to construct roads and other essential infrastructure in burgeoning sectors throughout Gurugram, as per officials from the Department of Town and Country Planning (DTCP).According to DTCP officials, the policy of Transfer of Development Rights (TDR) has facilitated the acquisition of extra land by developers. They acquire land from farmers and then capitalise on it by generating TDR, which can be employed in any sector outlined in a unified master plan.DTCP officials indicated that numerous 24-m roads, which were previously unfeasible to construct due to land unavailability, will now materialise. This is because developers have procured land from farmers to be employed in constructing infrastructure, while the development rights can be utilised in their projects elsewhere or traded.A TDR certificate pertains to the government granting floor area ratio to the landowner in exchange for relinquishing a portion of their land for constructing pivotal infrastructure. Officials stated that the government established an online portal last year for trading and monetising TDR.Rajesh Kaushik, District Town Planner in Gurugram, noted that developers are leveraging the advantages of the TDR policy, purchasing land from farmers to be employed in constructing roads and additional infrastructure in burgeoning sectors.