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Transferable Development Rights in the Dharavi Redevelopment Project has the potential to benefit the Adani Group.pptx

A notice issued by the state government to modify the Development Control Rules (DCR) enables the use of Transfer of Development Rights (TDR) without indexation. All city builders will be compelled to purchase the first 40% of their needed TDR from DRP exclusively, and the Adani Group will get a higher value for the TDR produced by the Adani Dharavi Redevelopment Project (DRP) as a result of this modification.<br><br>

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Transferable Development Rights in the Dharavi Redevelopment Project has the potential to benefit the Adani Group.pptx

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  1. TRANSFERABLE DEVELOPMENT RIGHTS IN THE DHARAVI REDEVELOPMENT PROJECT HAS THE POTENTIAL TO BENEFIT THE ADANI GROUP

  2. All city builders will be compelled to purchase the first 40% of their needed TDR from DRP exclusively, and the Adani Group will get a higher value for the TDR produced by the Adani Dharavi Redevelopment Project (DRP) as a result of this modification. CONTINUE

  3. The announcement stipulates that, before using any other TDR, builders in Mumbai must purchase 40% of their needed TDR from the Adani Dharavi Project.

  4. In order to purchase from the Adani Dharavi Project, the first 50% TDR was required under the bidding documents. The notice states that it has been decreased to 40%, which translates to a 10% reduction.

  5. For the Adani Dharavi Redevelopment Project to reach its maximum potential, all parties involved must make inclusive development, community participation, and responsible urban planning their top priorities.

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