Chief minister Prithviraj Chavan has announced that the state government’s plans to implement a Transfer of
Development Rights (TDR) system in all major cities in the state.
The TDR aims to make available certain amount of additional built-up area in lieu of the area relinquished or surrendered by the owner of the land, so that the owner can use the extra built-up area
either himself or transfer it to another in need of it for an agreed sum of money.
However, MLAs in the state Legislative Assembly alleged that the municipal corporations have failed to develop reservations earmarked for the civic amenities with the help of the TDR.
Responding to the allegations, the chief minister said, “We are discussing whether the TDR can be extended in major
cities in the state, for it to be used more effectively.”
Former chief minister Ashok Chavan said that the municipal corporations in the state are not financially strong
enough to develop the TDR and hence, a definitive policy is required for this.
However, NCP’s Nawab Malik demanded a time-bound programme for the implementation of the TDR policy in the state.
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2 held in international fraud case
AGE CORRESPONDENT
Mumbai, July 23
The Kasturba Marg police on Monday arrested two persons in an alleged international fraud racket for cheating a builder of `46 lakh on the pretext of providing him a loan of `20 crore from a Bangkok-based financial institution. The duo has been
remanded to police custody till July 30.
The complainant, Musa Ismail Lakdawala, is one of the directors of the Lakadawala Developers. After reading an advertisement in a leading newspaper, Mr Lakdawala approached the accused at their office in Magathane in Borivali (west).
The advertisement stated that the accused company, Delta Finelease Pvt Ltd, helps in securing loans from financial institutions at a feasible commission rate.
The arrested accused running the company have been identified as Sanjeev Kumar Singh (30) and Saaket Sharma (32). Two more British nationals identified as David Welham and Christopher have been listed as wanted accused in the case.