The notional land can be utilized by factorizing it with the market value at the originating plot and receiving plot. The scheme benefited builders who made the most of TDRs by misusing provisions of the scheme. "From the civic body's point of view, we hope it reduces the hassles of acquiring land for infrastructure and other development projects," he added.Urban planner AS Kodandapani, however, is skeptical about how far the revised rules would help. "Not all property owners whose properties are set to be acquired for a project are interested in TDR. So for them, if the cash-strapped civic body fails to provide adequate compensation, the project gets stuck as is happening now.

Source: Times of India April 08, 2017 18:56 UTC