Since it permits the developer to construct above and beyond the approved Floor Space Index (FSI) in compliance with local legislation, a transferable development right, or TDR, can be thought of as a crucial raw resource in the real estate sector. Urbanization and space scarcity make TDR more crucial than ever, especially in suburban regions.
The government is required to pay the owners when it purchases individual property parcels for infrastructural projects. But generally speaking, this pay is less than the going rate. Transferable Development Rights (TDR) were created as a solution to this problem. TDRs are certificates that the owner may use or exchange for cash Read more
