Transferable Development Rights in the Dharavi Redevelopment Project has the potential to benefit the Adani Group
Adani Group’s Dharavi Redevelopment Project stands to gain from Maharashtra’s announcement permitting TDR without indexation. 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…