Pune: The Pune Metropolitan Region Development Authority (PMRDA) has decided not to allow use of premium Floor Space Index (FSI) until the Transferable Development Rights (TDR) is completely exhausted in the Pune Metropolitan Region.
Speaking on motivating people to give away their land through TDR process, PMRDA CEO Kiran Gitte said that PMRDA has decided not to allow use of premium FSI until developers’ TDR is totally exhausted. “FSI has three components, including basic FSI, Amenity FSI and premium FSI. Developers should use their TDR first rather than using premium FSI. The move will help PMRDA in land acquisition process through TDR,” added Gitte.
PMRDA has formed a TDR cell to assist farmers in the land acquisition process. “TDR is also linked with ready reckoner value by the government and so one need not worry about pricing issue of an area while using the TDR,” added Gitte.
As PMRDA is in the process to call for tenders for the development of 128 km ring road of Pune, the National Highway Authority of India (NHAI), which is the authority financing the project, has raised concerns about land acquisition work. “NHAI wanted to start the project only after 80 per cent of land acquisition is done, as that would assure the completion of the project. As per the current progress, we will be completing about 60 per cent of it soon. However, people are more positive about giving away their land once they see that the project has started,” added Gitte.
Speaking on process of land acquisition, Gitte said that land on about 40 km of ring road project has been acquired through the process of granting TDR. “Another 23 km will be covered through town planning scheme model, where we will be developing the town on side of the ring road, which will help the locals.” added Gitte.