Development Rights

Development Rights.- Development Rights” shall encompass the rights to construct a certain amount of built up area upon a given plot within a planning area. Such rights would be denoted in terms of constructed floor area and may be given to the owner of the land as consideration for encumbrance free land acquired by the Government for any purpose, whether under this Act or any other Act being in force. Provided that such development rights may be utilized by the person being dispossessed of such land either on the balance land or transferred to another person for use within the same planning area with or without a consideration.