BMC budget says creation of online TDR trading platform in offing | Mumbai News

Mumbai: The BMC has announced in the 2025-26 budget that an online trading platform for TDR, or a TDR exchange akin to the stock exchange, will be created.
TOI had earlier reported BMC’s plans to establish an electronic marketplace for TDR. The BMC budget document states that BMC received directives from the state govt to establish a streamlined, transparent and efficient electronic platform for TDR trading, termed the ‘e-TDR System‘, to ensure effective implementation of the Development Plan and to provide clear information to landowners regarding the purchase of transferable development rights (TDR).
The proposed TDR exchange will facilitate the buying and selling of TDR and manage financial transactions via a nodal bank. The initiative aims to boost transaction volume, thereby increasing demand for TDR and improving the implementation of the city’s Development Plan.
The BMC has already initiated work on the creation of the TDR marketplace, and the tendering process is underway. All development rights certificates (DRC) will be dematerialised and maintained in an electronic format. Once the electronic marketplace is established, common citizens will be able to buy TDR as an investment. The creation of the marketplace is also expected to help bring transparency to the sale of TDR. Additionally, individual societies or flat owners will now be able to purchase small amounts of DRC for regularisation or extension purposes without relying on brokers.
Special planning authorities or civic bodies such as the BMC grant DRC as compensation when they acquire land from landowners as part of reservation or for infrastructure projects. The holder of the DRC has the option to sell or otherwise transfer the TDR, either fully or partially, to another party. TDR allows developers to build above the permissible floor space index (FSI), subject to restrictions of a particular location or area. According to the government resolution (GR) issued by the state govt, the holder of the DRC has the option to sell or otherwise transfer the TDR, either fully or partially, to another party on the electronic platform, and registered buyers can express interest in purchasing the same.
Mumbai: The BMC has announced in the 2025-26 budget that an online trading platform for TDR, or a TDR exchange akin to the stock exchange, will be created.
TOI had earlier reported BMC’s plans to establish an electronic marketplace for TDR. The BMC budget document states that BMC received directives from the state govt to establish a streamlined, transparent and efficient electronic platform for TDR trading, termed the ‘e-TDR System’, to ensure effective implementation of the Development Plan and to provide clear information to landowners regarding the purchase of transferable development rights (TDR).
The proposed TDR exchange will facilitate the buying and selling of TDR and manage financial transactions via a nodal bank. The initiative aims to boost transaction volume, thereby increasing demand for TDR and improving the implementation of the city’s Development Plan.
The BMC has already initiated work on the creation of the TDR marketplace, and the tendering process is underway. All development rights certificates (DRC) will be dematerialised and maintained in an electronic format. Once the electronic marketplace is established, common citizens will be able to buy TDR as an investment. The creation of the marketplace is also expected to help bring transparency to the sale of TDR. Additionally, individual societies or flat owners will now be able to purchase small amounts of DRC for regularisation or extension purposes without relying on brokers.
Special planning authorities or civic bodies such as the BMC grant DRC as compensation when they acquire land from landowners as part of reservation or for infrastructure projects. The holder of the DRC has the option to sell or otherwise transfer the TDR, either fully or partially, to another party. TDR allows developers to build above the permissible floor space index (FSI), subject to restrictions of a particular location or area. According to the government resolution (GR) issued by the state govt, the holder of the DRC has the option to sell or otherwise transfer the TDR, either fully or partially, to another party on the electronic platform, and registered buyers can express interest in purchasing the same.