Mangaluru
In a bid to help property owners, especially those who possess small pieces of land in the city, the Mangaluru City Corporation (MCC) has proposed to increase the quantum of Transferable Development Rights (TDR) for the land they surrender for road widening and development works. At present, all property owners who surrender their land for development works, are eligible to receive a TDR of two times the quantum of land surrendered. The MCC has proposed to increase the TDR for owners by 2.5 times if 15-25 percent of the total land is acquired; three times if more than 25 percent of land is acquired and by four times if an owner is not able to use the remaining piece of land after acquisition. The MCC will be sending a proposal in this regard to government for necessary amendments to the rules. Chief whip of the MCC Council Premanand Shetty from the BJP said that most of the roads in the city are narrow, and widening the same will help boost the economic and social activities in the city.
As per the TDR Rules 2016, owners are given TDR of two times the quantum of land acquired. Those who surrender a small percentage of their land are benefited most through the TDR, as the value of the land will increase when the nearby road is developed. However, those who surrender a major portion of the land may find it difficult to use the remaining land for construction of buildings. Hence, as per a discussion held with mayor Sudheer Shetty Kannur, the new proposal has been submitted, and the same was approved by the council too, he said.
