According to BMC, registration on the portal is mandatory for both buyers and sellers. The platform will allow users to list TDR for sale, place bids, and complete transactions through secure digital payments
The e-TDR system is developed under the Maharashtra government’s Urban Development Department in collaboration with BMC. Representational pic
In a move aimed at boosting transparency and efficiency in real estate transactions, the Brihanmumbai Municipal Corporation (BMC) has announced that India’s first integrated digital platform for Transferable Development Rights (TDR) will become fully operational from Wednesday, April 15.
The e-TDR system, developed under the Maharashtra government’s Urban Development Department in collaboration with BMC, is designed to streamline transactions related to reserved plots and Floor Space Index (FSI) in the city.
According to a BMC release issued on Tuesday, April 14, registration on the portal is mandatory for both buyers and sellers. The platform will allow users to list TDR for sale, place bids, and complete transactions through secure digital payments.
Once a deal is finalised, the system will automatically generate a digital contract note, creating an official and computerised record of the transaction. The platform also features KYC-based registration, bank integration, and AI-enabled tracking to ensure secure and transparent dealings.
Civic officials said that every step of the process will be recorded digitally, reducing irregularities and delays associated with the earlier manual system.
What is TDR?
Transferable Development Rights (TDR) are granted to landowners when their property is acquired by the government for public projects such as roads or parks.
Instead of monetary compensation, owners receive additional construction rights through a Development Rights Certificate (DRC), which can be used or sold in the market.
Key benefits
The e-TDR platform will make the process faster and more accessible, while improving transparency and reducing the challenges of finding buyers or sellers, BMC said. The system is also expected to create a more level playing field for smaller developers and individual stakeholders.
The platform was earlier piloted in the presence of Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde and late Deputy Chief Minister Ajit Pawar. Senior officials, including Additional Chief Secretary Asim Gupta, were involved in its development.
BMC Commissioner Ashwini Bhide said the civic body, as the nodal agency, is confident that the platform will enhance transparency and efficiency in urban governance while accelerating infrastructure development in Mumbai.
The initiative marks a significant step in the digitisation of urban development processes in Maharashtra.
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