The Telangana government has relaxed Transferable Development Rights (TDR) norms for builders in Hyderabad up to the Outer Ring Road (ORR) limits.
The revised norms aim to boost the city's real estate sector, strengthen the TDR market, and provide compensation to landowners affected by public projects. They will apply to new projects, plan revisions and approvals for additional floors.
The decision to relax the TDR norms is said to mark a shift in Hyderabad's urban planning and real estate strategy. By expanding the geographical scope, the State is creating a more fluid secondary market for development rights.
Previously, TDR utilisation was more restricted in terms of zones. Extending these norms to the ORR limits, which cover a vast radius around the core city, allows builders in emerging hubs including Tellapur, Kokapet and Adibatla to utilise TDR certificates.
This is particularly beneficial for high-rise residential complexes, where land costs are high, as TDR offers a more affordable alternative to paying steep betterment or premium charges to the municipal body.
filed in:Hyderabad, Real Estate, Hyderabad Real Estate