Make Optimal Use of TDR Policy for SRDP Phase-II, GHMC told
Deccan ChronicleHyderabad: The second phase of the Telangana state government's flagship Strategic Road Development Plan would affect over 1,500 properties while land acquisition will cost over ₹2,200 crore, GHMC officials have said. Following several interactions with officials from the municipal administration and urban development department, the civic body has decided to make maximum use of transfer development right policy rather than offering monetary compensation to the property owners as both the government and the corporation are facing a severe fund crunch. Officials said that issuing of TDR certificates has helped them save ₹4,832 crore towards cash compensation for infrastructure works executed in the city. The state government has instructed them to derive the maximum from the TDR policy and convince the property owners to opt for it instead of monetary compensation.