Real estate sector doesn’t see any value in existing transferable developmental rights policy. Lack of regulation on TDR has led to scams, and the trust has been non-existent. Before the city goes for any infrastructure development, the issue needs to be addressed.
With BBMP not providing complete information in TDR notices they despatch, residents are hiring land surveyors to measure their property for accurate data.
As BBMP’s continues its drive to widen Bengaluru roads, citizens are left high and dry on the compensation scheme offered for giving up their property.
