Tag Archive: transfer of development rights

Goa govt goes slow on TDR land use policy implementation

real estate

Panaji: Months after announcing introduction of the Transfer of Development Rights (TDR) land use policy, the Goa government has decided to go slow on its implementation due to problems being faced by the real estate industry in the wake of GST and RERA. Town and Country Planning Minister Vijai Sardesai had told the assembly during the monsoon session that the TDR policy, which is the backbone of upcoming Regional Plan 2030, will be formulated in the next six months. The TDR was expected to curb increasing conversion of agricultural and orchard lands for other activities, mainly construction of buildings by real estate developers. “We are slowing the work on conceptualising the TDR policy due to introduction of RERA and GST. The implementation of TDR at this stage can affect the entire economy,” he told reporters here last evening. The…
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