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Mumbai: Builder booked for fraudulently selling firm's Rs 3.20 cr TDR
Updated On: 12 October, 2014 12:36 PM IST | | IANS
<p>An FIR has been registered against a developer who allegedly duped a construction company to the tune of Rs 3.20 crore by fraudulent Transfer of Development Right of 930 sq metre area nearly a decade ago and then selling it, an EOW official said</p>
An FIR has been registered against a developer who allegedly duped a construction company to the tune of Rs 3.20 crore by fraudulent Transfer of Development Right of 930 sq metre area nearly a decade ago and then selling it, an EOW official said.
The Transfer of Development Right (TDR) is generated on slum redevelopment projects where an owner or builder redevelops slums free of cost and gets TDR as an incentive under Development Control (DC) rules. Quoting the FIR registered on the basis of a complaint, the Economic Offences Wing (EOW) of Mumbai said accused Nailesh Mehta of Dev Developers in Andheri pretended himself as the partner of Zoomi Construction Company by preparing fake documents and acquired the latter's rightful TDR from the Slum Rehabilitation Authority (SRA).

