Making money from land
TDR certificates can be sold like shares
Haryana’s new i ntegrated licensing policy aims to enable farmers and landowners to monetise their land holdings at current market value through transferable development rights (TDR) certificates, which means that there will no longer be any forcible land acquisition by the government for the development of cities.
Under the policy, the license for an integrated residential colony will be considered for a minimum of 25 acres as against 100 acres earlier.
The policy intends to facilitate individual land owners whose land is located either within a residential sector or within the alignment of a sector road or areas designated for external development works within the development plan/sectoral plan for obtaining TDR certificates. The certificates will contain the entitlement of FAR which the individual landowner will be able to transfer to a coloniser. The validity of TDR certificate will be two years.
On grant of the license for obtaining TDR, the owner shall transfer the land free of cost to the government within 60 days of grant of license or before transfer of such TDR to an existing colony, whichever is earlier.
The policy calls for development of community facili- ties through consolidated pockets of land to be received from developers free of cost. Under the policy, the coloniser will transfer 10% area of the licensed colony free of cost to the government for provision of community facilities. The land will be transferred within 60 days of grant of license but before approval of building plans.
The coloniser will also provide 12% area of the colony free of cost to the government for EWS and NPNL (no profit no loss) housing. The transfer of the land to the government in revenue records will be done within 60 days of grant of the license and before approval of zoning plans.