Mumbai DP 2034: Developers have to buy this 20% of TDR from slum rehab projects
The new city plan has seen a shake-up in the way TDR is traded between builders and property owners. Development Plan 2034 makes it mandatory for builders who plant to use transferable development rights to buy at least 20 per cent of it from slum rehabilitation (SRA) projects.
The government hopes to promote development of slum pockets within city limits governed by the Brihanmumbai Municipal Corporation (BMC). Image source: Reuters