Latest news with #DRCs
Time of India
13-06-2025
- Business
- Time of India
Now, transferable development rights can be used anywhere in Bengaluru
BENGALURU : The state govt has liberalised the usage of transferable development rights (TDR) certificates in Bengaluru. The new order, issued Tuesday, allows development rights certificates (DRCs) or TDRs to be used anywhere within the jurisdiction of the Greater Bengaluru Area (GBA), regardless of local planning area (LPA) limits. This is the second major reform to the TDR framework in the past one year and is expected to make the market more attractive to builders, landowners, and intermediaries. GBA, currently spread over 709 sq km, includes both core and peripheral regions under the restructured BBMP jurisdiction . Earlier, DRCs issued by one planning authority, such as BDA, could not be used in areas governed by another authority like the Bengaluru-Mysuru Infrastructure Corridor Planning Authority. These jurisdictional barriers limited the market, especially in areas where land values varied significantly, making TDRs unattractive for landowners. The restrictive system also led to malpractices, with instances of DRCs being applied illegally in high-value zones through collusion between builders and officials. By enabling city-wide utilisation, the govt now treats Bengaluru as a single planning entity. BDA will maintain records of all DRC transactions across GBA, ensuring better oversight. A senior BBMP official hailed the move as "a much-needed reform," while a city-based builder noted that the relaxation will remove ambiguity and facilitate vertical growth to meet housing demands. In 2024, the state govt allowed agricultural landowners to receive TDR compensation on par with residential land, provided they pay the necessary conversion charges—another step toward strengthening the TDR ecosystem.
Time of India
12-06-2025
- Business
- Time of India
Now, transferable development rights can be used anywhere in Bengaluru
Bengaluru: The state govt has liberalised the usage of transferable development rights (TDR) certificates in Bengaluru. The new order, issued Tuesday, allows development rights certificates (DRCs) or TDRs to be used anywhere within the jurisdiction of the Greater Bengaluru Area (GBA), regardless of local planning area (LPA) limits. Tired of too many ads? go ad free now This is the second major reform to the TDR framework in the past one year and is expected to make the market more attractive to builders, landowners, and intermediaries. GBA, currently spread over 709 sq km, includes both core and peripheral regions under the restructured BBMP jurisdiction. Earlier, DRCs issued by one planning authority, such as BDA, could not be used in areas governed by another authority like the Bengaluru-Mysuru Infrastructure Corridor Planning Authority. These jurisdictional barriers limited the market, especially in areas where land values varied significantly, making TDRs unattractive for landowners. The restrictive system also led to malpractices, with instances of DRCs being applied illegally in high-value zones through collusion between builders and officials. By enabling city-wide utilisation, the govt now treats Bengaluru as a single planning entity. BDA will maintain records of all DRC transactions across GBA, ensuring better oversight. A senior BBMP official hailed the move as "a much-needed reform," while a city-based builder noted that the relaxation will remove ambiguity and facilitate vertical growth to meet housing demands. In 2024, the state govt allowed agricultural landowners to receive TDR compensation on par with residential land, provided they pay the necessary conversion charges—another step toward strengthening the TDR ecosystem.
Deccan Herald
11-06-2025
- Business
- Deccan Herald
Boost for TDR in Bengaluru, usage curbs eased
According to the notification issued on Tuesday, the state government has proposed the utilisation of TDRs, or development rights certificates (DRCs), anywhere within the limits of Greater Bengaluru Area (GBA), irrespective of the Local Planning Area (LPA) boundaries.
Indian Express
30-05-2025
- Business
- Indian Express
In dispute over Bangalore Palace grounds, SC grants relief to Karnataka government from depositing Rs 3,000 crore worth of TDR with former royals
In a short-term relief for the Karnataka government in its long-standing dispute with the former royals of Mysore over the 472-acre Bangalore Palace grounds, the Supreme Court Thursday allowed an application filed by the state government against depositing transferable development rights (TDRs) worth over Rs 3,000 crore with the royals. The Supreme Court (SC) allowed the Karnataka government's plea for keeping the TDRs in the court registry until the settlement of review petitions filed by the state against an SC order of December 10, 2024, in a contempt plea to pay TDR to the royals. The SC has also directed that the original dispute over the Bangalore Palace grounds – located in the heart of Bengaluru – be placed before a three-judge bench for commencement of hearings from August 18. The SC bench comprising Justice Surya Kant, Justice Dipankar Datta, and Justice N K Singh heard the interlocutory application filed by the Karnataka government on Thursday after it was initially referred to the Chief Justice of India (CJI) on May 27 for orders on the administrative side. 'As an interim measure, all the TDRs issued pursuant to the interim/contempt orders passed by this Court, shall be kept in the Registry of this Court during the pendency of the present appeal. If the TDRs have been handed over to the appellants (non-applicants), they are directed not to utilize or sell the TDR/DRCs (Development Rights Certificates) till further orders,' the SC bench ruled Thursday. 'It is made clear that no third-party interest or personal benefits shall be created/drawn out of TDRs/DRCs released by the Registry of this Court,' the SC said. The SC further said that all the civil appeals filed by the former royals in 1997 against the acquisition of the palace land by the Karnataka government in 1996 must be placed before a three-judge bench for final hearings on the dispute to start in August this year. The top court also said that the hearing of review petitions of the state government against the December 10, 2024, order of the SC to deposit TDRs – for portions of the Bangalore Palace land sought to be acquired by the state for road development – should commence from the week of July 21. The interim directions 'are subject to the outcome of the Review Petitions. However, if the Review Petitions are declined, in that event, the interim direction shall remain in force for a period of four weeks from the date of passing of such order and/or the matter is heard by a three-Judge Bench, whichever is later,' the court said. The apex court added that orders issued earlier on 21.11.2014, 17.05.2023, 19.03.2024, and 22.05.2025 to the state to pay the TDR to the royals 'shall be kept in abeyance' in order to avoid complications. The Karnataka government moved the new interlocutory application in the original Bangalore palace civil dispute cases of 1997 after a bench of the SC on May 22 rejected the state government's plea not to allow release of TDRs worth over Rs 3,000 crore to the former royals until the main dispute over the Bangalore Palace grounds is settled by the SC. The state was directed by the SC on December 10, 2024, to pay compensation in the form of TDRs at the prevailing market value to the erstwhile royal family as agreed by the state and ordered by the SC in November 2014 for acquisition of a 15.36 acre portion – out of the 472 acres of the disputed Bangalore palace property – for a road widening project. The SC order came in the wake of contempt of court petitions filed by the erstwhile Maharaja of Mysore, the now deceased Srikantadatta Wadiyar, his wife Pramoda Devi Wadiyar, and others, over the delay in the payment of compensation by the state. With the market value of the land sought to be acquired for road work assessed to be in the range of Rs 3,014 crore at present, the Congress government in Karnataka introduced an ordinance on January 29 to withdraw the TDR offer for the Bangalore Palace land. The SC, however, rejected the Karnataka government's effort to counter the compensation payment with the ordinance and indicated on February 13 that the December 10, 2024, order by a three-judge bench in the contempt pleas is not negotiable. The Bangalore Palace grounds spread over 472 acres of land were acquired by the Karnataka government through the passage of the Mysore Palace Transfer and Acquisition Act of 1996, which received the assent of the President and came into force on November 18, 1996. In 1996, the state was to pay Rs 11 crore as compensation for the entire land at the rate of Rs 2.30 lakh per acre. However, the acquisition by the state has remained in limbo since the royal family challenged the validity of the acquisition law in the Supreme Court after the Karnataka HC upheld the law on March 31, 1997. Subsequently, the Karnataka government tried to acquire 15.36 acres of the palace land for widening of the Jayamahal Road and the Palace Road in central Bengaluru – over a stretch of two km – and a TDR compensation provision was provided for the acquisition. The TDR that is to be paid to the royal family for the acquisition of 15.36 acres of land or 13,91,742 sq ft of land at the prevailing guidance value of Rs 2.70 lakh per sq metre would amount to Rs 200 crore for every acre and a total of Rs 3,014 crore, the state has argued. 'Once TDR is paid it cannot be regained. It would affect the state's economy. We have decided not to pay the TDR. Since it is under litigation, there are a lot of complications. The ordinance will empower us to keep control over the land. The appropriate decision on compensation will be taken at the right time,' Karnataka Law Minister H K Patil has stated.
Yahoo
25-05-2025
- Climate
- Yahoo
FEMA individual assistance approved in Kentucky for tornado-affected counties
LONDON, Ky. (FOX 56) — One week after an EF-4 tornado tore through southern Kentucky, there's finally a glimmer of hope for those affected. Governor Andy Beshear announced in a post on X on Friday night that there is some 'good news.' FEMA Individual Assistance is now available for six counties, including Laurel, Pulaski, and Russell. Individual assistance can cover a wide range of needs. Pedestrian taken to hospital after being hit by car in downtown Lexington 'Individual assistance includes things like loss of personal property, damage to your home, displacement assistance, and serious needs assistance, for example. These are just some of the many different types of assistance that people may be eligible for, depending on their situation, which everybody's situation is unique,' said FEMA Public Information Officer Daniel Bernardy. Currently, two Disaster Recovery Centers (DRCs) are open in Pulaski and Laurel counties. These centers are staffed by representatives from FEMA, the American Red Cross, the Small Business Administration, and other state agencies. They are all working together to meet with storm victims face-to-face and connect them with resources tailored to their needs. 'You really do have that face-to-face human connection, which will meet you with empathy. We'll hear your story. And there's something about that that's different than just going online,' Bernardy told FOX 56. Like he said, victims don't have to physically come to the DRC in London or Somerset – they can also go to other DRCs still in place from previous disasters. They can go online to download the FEMA app, or call 800-621-FEMA (3362). 'This particular disaster recovery center could be here for a couple of weeks, or it could be for a couple of months. And it just depends. But one true thing is that FEMA will not make that decision alone. We do that with our county partners,' said Bernardy. According to the FEMA website, new DRCs were established in the following locations for Laurel and Pulaski counties. Both Disaster Recovery Centers will be open from 9 a.m. to 7 p.m. Monday through Saturday, 1 p.m. to 7 p.m. on Sundays After filling out the proper forms and providing all the necessary information, applicants will get a letter approving or denying their assistance. If you get a denial, Bernardy said not to lose hope. That denial could be reversed. Bernardy told FOX 56, 'It's not necessarily the end of the road. Read that letter through top to bottom, inside out. We might just be missing a document. We might not have your contact information correct. Something might be off. We can maybe turn that denial into an approval.' FEMA individual assistance approved in Kentucky for tornado-affected counties Pedestrian taken to hospital after being hit by car in downtown Lexington Massachusetts woman indicted for allegedly causing crash that killed 1, sent child to ICU Denial appeals can be filed at a DRC, online, by mail, or by fax. Officials are urging everyone impacted by the tornado to apply for assistance, no matter how big or small the loss. There is help waiting; you just need to take the first step. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
