CMDA acquires land worth Rs 85 crore
CMDA acquires land worth Rs 85 crore
CHENNAI: Chennai Metropolitan Development Authority has processed 151 transferrable development rights applications and acquired l..

CHENNAI: Chennai Metropolitan Development Authority has processed 151 transferrable development rights applications and acquired land worth Rs 85 crore with an extent of 48.6 hectares from 137 applicants.CMDA sources said four property owners have parted with portions of their land for the Metro Rail project by opting for Development Rights Certificates.Sources said TDR was a new concept and the government should spread awareness about it. Sources also said that the Government had approved the amendments to Development Regulations for Special Transfer of Development Rights for Slum Rehabilitation.“As per the provision of the Development Regulations, in cases of slums on water ways, road margins or any other land belonging to the government departments or agencies, as the slum dwellers do not own these lands, the regulation for Transferable Development Rights is not applicable,” CMDA sources added.Sources said CMDA was processing Tamil Nadu Slum Clearance Board proposal for utilisation of Special TDR for the slum tenements  through the Government housing and urban department for 3,906 tenements in Perumbakkam, 6,000 houses in Okkiyam Thoraipakkam, 1,024 houses in All India Radio and 120 units in Perambur Barracks Road.Sources also said the proposed 80 feet link road from Poonamallee High Road to Koyambedu wholesale market complex would be affecting some landowners and the government order for issuing 4(1) notification was still awaited.  “There are 11 land owners interested in the handing over of land in Nerkundram village, under TDR Scheme. CMDA will process the applications as and when it receives the requisition to issue development right certificates (DRC) instead of monetary compensation for the land acquisition.Meanwhile, CMDA has asked local bodies to gift land for road widening projects. “CMDA is ready to hand over the space gifted for the road widening free of cost,” sources added.

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