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Linked to market value, TDR may now lure developers

Linked to market value, TDR may now lure developers

Monday, March 13, 2017, 1:03 PM

The state government has finally come out with its development rights policy clearing the way for property development using parcels of notional land that will be available in the form of Transferable Development Right (TDR) certificates. The latest policy, coming after a long delay, brings the curtain down on uncertainties on the use of TDR certificates in Bengaluru and other important cities.
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