logo
Now, transferable development rights can be used anywhere in Bengaluru

Now, transferable development rights can be used anywhere in Bengaluru

Time of India20 hours ago

BENGALURU
: The state govt has liberalised the usage of
transferable development rights
(TDR) certificates in Bengaluru. The new order, issued Tuesday, allows development rights certificates (DRCs) or TDRs to be used anywhere within the jurisdiction of the
Greater Bengaluru Area
(GBA), regardless of local planning area (LPA) limits.
This is the second major reform to the TDR framework in the past one year and is expected to make the market more attractive to builders, landowners, and intermediaries. GBA, currently spread over 709 sq km, includes both core and peripheral regions under the restructured
BBMP jurisdiction
.
Earlier, DRCs issued by one planning authority, such as BDA, could not be used in areas governed by another authority like the Bengaluru-Mysuru Infrastructure Corridor Planning Authority. These jurisdictional barriers limited the market, especially in areas where land values varied significantly, making TDRs unattractive for landowners.
The restrictive system also led to malpractices, with instances of DRCs being applied illegally in high-value zones through collusion between builders and officials. By enabling city-wide utilisation, the govt now treats Bengaluru as a single planning entity.
BDA will maintain records of all DRC transactions across GBA, ensuring better oversight. A senior BBMP official hailed the move as "a much-needed reform," while a city-based builder noted that the relaxation will remove ambiguity and facilitate vertical growth to meet housing demands.
In 2024, the state govt allowed agricultural landowners to receive TDR compensation on par with residential land, provided they pay the necessary conversion charges—another step toward strengthening the TDR ecosystem.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Iran-Israel war: Iran airspace shut, international flights from India to take longer
Iran-Israel war: Iran airspace shut, international flights from India to take longer

Time of India

timean hour ago

  • Time of India

Iran-Israel war: Iran airspace shut, international flights from India to take longer

Representative image NEW DELHI: Flights between the West and India, mainly Delhi and Mumbai, will get even longer following the Iranian airspace closure on Friday after Israel attacked the country's nuclear sites. Sixteen Air India (AI) flights were impacted Friday, with the majority diverting and the others returning to origin. AI had resumed overflying Iran shortly after Pakistan had closed its airspace to Indian carriers on April 24 to partially mitigate the longer route its flights had to take since then. While AI will have to take longer routes to and from the West, IndiGo between Delhi and Tbilisi and Delhi and Baku will become one-stop flights now. With both Pakistan and Iran no-go areas, Indian carriers will have to take really longer routes to reach Central Asia. "We are studying the situation and some AI flights may become one-stop after closure of Iran airspace," said sources. Also, if and when Iran retaliates, the airspace of countries near Israel, like Jordan and Lebanon, also be impacted. This has in the past forced airlines to take longer detours in that area whenever conflict escalates. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List "Due to the emerging situation in Iran, subsequent closure of its airspace, and in view of safety of our passengers, (some) Air India flights are either being diverted or returning to their origin. We regret the inconvenience caused to our passengers due to this unforeseen disruption and are making every effort to minimise it, including providing accommodation for passengers," Air India said Friday. "Refund on cancellation or complimentary rescheduling is also being offered to guests who opt for it. Alternative arrangements are being made to fly passengers to their destinations. We advise passengers to check their flight status," AI added. Air India flights impacted Friday were AI-130 (London Heathrow-Mumbai), diverted to Vienna; AI-102 (New York-Delhi), diverted to Sharjah; AI-116 (New York-Mumbai), diverted to Jeddah; AI-2018 (London Heathrow-Delhi), diverted to Mumbai; AI-129 (Mumbai-London Heathrow), returned to Mumbai; AI-119 (Mumbai-New York), returned to Mumbai; AI-103 (Delhi-Washington), returned to Delhi; AI-106 (Newark-Delhi), diverted to Vienna; AI-188 (Vancouver-Delhi), diverted to Jeddah; AI-101 (Delhi-New York), diverted to Frankfurt/Milan; and AI-126 (Chicago-Delhi), diverted to Jeddah. Also impacted were AI-132 (London Heathrow-Bengaluru), diverted to Sharjah; AI-2016 (London Heathrow-Delhi), diverted to Vienna; AI-104 (Washington-Delhi), diverted to Vienna; AI-190 (Toronto-Delhi), diverted to Frankfurt; and AI-189 (Delhi-Toronto), returned to Delhi.

Woman claims she cleared '14 rounds for developer job' at Bengaluru firm; trolled: ‘I create my sunshine'
Woman claims she cleared '14 rounds for developer job' at Bengaluru firm; trolled: ‘I create my sunshine'

Mint

time9 hours ago

  • Mint

Woman claims she cleared '14 rounds for developer job' at Bengaluru firm; trolled: ‘I create my sunshine'

A social media user, Antara Mandal, has triggered a discussion after claiming she was selected for the role of "developer" at a prominent Bengaluru-based IT company following "14 rounds of interviews." Mandal, who shared a picture of her office identity card on Instagram, has now become the subject of trolling on social media, with many users opposing her claim and calling it "funny." "After clearing 14 rounds of an interview, I have finally been selected for the 'DEVELOPER' role in 'Wipro.' I create my own sunshine. Dreams are not what you see in your sleep, dreams are those that don't let you sleep," Mandal wrote on Instagrm Threads. Screengrab from the viral post. Mandal, who was previously employed with Bajaj Housing Finance Limited according to her Instagram handle, shared a couple of photos – one of which shows her standing indoors in front of a large Wipro logo displayed on a wall. She is seen pointing at the logo with both hands and smiling, dressed in a light yellow top and blue jeans, wearing a Wipro employee ID badge on a blue lanyard, indicating she is likely a Wipro employee or visitor. In a series of photos, she is seen taking selfies from different angles while wearing her office ID card inside what appears to be the office campus. In another image, a Wipro employee ID badge is placed on a patterned fabric. The Wipro logo appears at the top, and the name Antara Mandal is displayed in white text on a dark blue circular background. However, her post did not sit well with a section of social media users who expressed disbelief at her claim. One commenter, claiming to be a former Wipro employee, vouched that there are at most "4–5 rounds" of interviews. A user, who claims to have worked as an HR at Wipro for three years, said: 'Wipro me 14 rounds? Max 4 rounds hota hai including HR discussion round.' Career_bishnu, a verified user, commented: 'May she was trying to say 14 interviews at different companies and finally got selected at Wipro.' A third user said: 'Wipro me maximum 2–3 round hote h.' Bosesusmita1, identifying as a former Wipro employee, wrote: "As an ex-Wipro employee I can vouch that there are max 4–5 rounds of interviews!!"

Icra buys Bengaluru-based Fintellix India for Rs 224 crore
Icra buys Bengaluru-based Fintellix India for Rs 224 crore

New Indian Express

time10 hours ago

  • New Indian Express

Icra buys Bengaluru-based Fintellix India for Rs 224 crore

Credit rating agency Icra will acquire Bengaluru-based risk and data analytics solutions company Fintellix India Private Limited for $26 million (about Rs 224 crore). Fintellix enables global financial sector entities to meet regulatory requirements while managing data and providing superior analytics. Ramnath Krishnan, MD & Group CEO of Icra said, "With this acquisition, we reiterate our commitment to being a leading risk technology player. This space is fast evolving with increasing regulatory scrutiny in financial markets, and we believe Fintellix and Icra together will better address the emerging market needs.' Shailendra M, CEO of Fintellix, said, 'This marks a new chapter for Fintellix - one where our product innovation and global experience will be amplified by Icra's scale, credibility, and deep understanding of financial risk.' The acquisition will additionally strengthen Icra Group's portfolio of credit risk assessment and monitoring tools by adding risk reporting capabilities to its existing solutions. Icra's portfolio includes credit risk software solutions, Early Warning Systems (EWS) and asset classification tools. According to the company's filings, Fintellix India Private Limited's turnover for FY 24 stood at Rs 76.1 crore. It was Rs 87.7 crore in FY23 and Rs 90.6 crore in FY22. The acquisition is expected to be completed in less than three months, and the consideration will be paid in cash.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store