Haryana Cabinet Approves Amendments to Transferable Development Rights Policy

Amendments aim to address concerns regarding declining value of TDR certificates and facilitate land assembly for infrastructure projects

 Chandigarh, 

The Haryana Cabinet, which met under the chairmanship of Chief Minister Sh. Nayab Singh Saini here today, approved amendments to the policy for grant and utilisation of Transferable Development Rights (TDR), dated November 16, 2021, to address issues related to the valuation, transfer and utilisation of TDR certificates and facilitate the implementation of infrastructure development projects across the state.

The existing TDR policy provides for granting TDR certificates to landowners who surrender their land required for critical infrastructure development projects in favour of the Government. Such certificates enable landowners to monetise their development rights by selling them to developers or other users within the same Development Plan.

Under the amended policy, the formula for calculating the notional land for which a TDR certificate is issued will be revised. The calculation will be based on the weighted average collector rate applicable to the surrendered land as on the date of submission of the application, instead of the existing provision linked to the rate applicable on January 1 of the calendar year of application.

The Cabinet has also approved changes in the formula for calculating the notional land of the receiving site. The revised calculation will take into account the weighted average collector rate applicable to the receiving site as on the date of application submission on the basis of which the TDR certificate was granted.

Further, the collector rate notified by the Deputy Commissioner concerned and prevailing on the date of application submission will be considered for granting the TDR certificate, irrespective of the date on which it is eventually utilised.

The amendments also provide that the revised formula will apply to all pending applications for grant of utilisation certificates where no permission, including in-principle approval for utilisation of the TDR certificate, has been accorded.

In another significant change, TDR certificates issued under the policy will be valid for utilisation either in the same Development Plan or in any lower-potential Development Plan of the State, instead of being restricted only to the Development Plan in which they were originally issued. This provision is intended to facilitate cross-utilisation of TDR certificates and enable project proponents across Haryana to avail the benefits of the policy.

The amendments are aimed at addressing concerns regarding the declining value of TDR certificates over time, improving their utilisation and facilitating land assembly for critical infrastructure projects, including sector roads, green belts and other planned development works.