11.2.6 Utilisation of Transferable Development Rights (TDR)

i) A holder of DRC who desires to use FSI credit therein on a particular plot of land shall attach valid DRCs to the extent required with his application for development permission. Proposal for Transferable Development Rights (TDR) utilisation shall be submitted along with the documents as may be prescribed by the Authority or by the Government from time to time.

With an application for development permission, where an owner seeks utilization of DRC, he shall submit the DRC to the Authority who shall endorse thereon in writing in figures and words, the quantum of the TDR proposed to be utilised, before granting development permission. Before issuance of Occupation Certificate, the Authority shall endorse on the DRC, in writing in figures and words, the quantum of TDR / DRs actually used and the balance remaining, if any

ii) The Transferable Development Rights (TDR) generated from any land use zone shall be utilised on any receiving plot irrespective of the land use zone including development plan reservations of buildable nature and anywhere in congested or non-congested area or town planning scheme area earmarked on Development Plan. The equivalent quantum of Transferable Development Rights (TDR) to be permitted on receiving plot shall be governed by the formula given below :-

Formula: X = (Rg / Rr) x Y Where, X = Permissible Utilisation of TDR / DR in sq.m. on receiving plot. Rg = Rate for land in Rs. per sq.m. as per ASR of generating plots in generating year. Rr = Rate for land in Rs. per sq.m. as per ASR of receiving plot in generating year. Y = TDR debited from DRC in sq.m.