Real Estate News

BBMP to revise TDR rates to push for road widening

Bruhat Bengauluru Mahanagara Palike is all set to revise the transferable development rights (TDR) rates to attract property owners in the city to part their land for road widening. "Currently, the TDR rates are low and many property owners are not coming forward to give their land for road widening. Widening of 216 roads identified under the project is essential as the traffic congestion has become a huge problem in the city," said Bengaluru Development Minister KJ George. Source: The Times of India, July 7, 2016, Bengaluru << Back