Utilising Transferable Developments in the City Development: An Experience of Mumbai
11 Pages Posted: 10 Apr 2012
Date Written: January 26, 2006
Cities are experiencing growth across the world and constantly striving to meet the challenges imposed by growth pressures. Cities in developing world are growing at a much rapid pace and they would require much needed forward planning and financial strength to sustain it. In a way, growth of cities is inevitable in the transition state of developing societies towards more urban based and globalization is inevitably resulting in inevitable shifts in economic structures that lead to concentration of skills and capital which is possible in urban agglomerations. Hence, the growth of cities to some extent cannot be curtailed through wrong policies, rather what is required, as we find it in the US, is the growth management, which requires careful forward planning and mobilizing of finances.Transferable Development Rights (TDR) has become a possible alternative to land acquisition by conventional methods that is discussed in this paper.
Keywords: TDR, growth management, cities, planning, development
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