Acquisition of Land by Way of Transferable Development Right

Acquisition of Land by Way of Transferable Development Right.-

1. (1) Any area within a Planning Area may be acquired by the Planning Authority for public purposes with the consent of the owner, by way of according Transferable Development Right in lieu of compensation payable by the authority in such manner as may be prescribed: Explanation: - For the purpose of this section public purpose means:-
   • (a) widening of an existing road or formation of a new road;
   • (b) creation of civic amenities and infrastructure
   • (c) providing for parks, playgrounds, open spaces, green areas and any other civic amenities;
   • (d) maintaining or improving heritage building or precincts notified by the State Government
   • (e) conservation of heritage sites
   • (f) implementation of development control regulations
2. (2) The Transferable Development Right so permitted may be utilized either by himself or by transfer to any other person, as may be prescribed. The area remaining after surrender shall have such permissible built up area as may be prescribed by the Rules or Regulations or bye-laws.
3. (3) The procedure for award of Transferable Development Right shall be as prescribed in the Rules.