Cidco allows farmers near Navi Mumbai airport to sell TDRs

The city development agency Cidco has allowed the project-affected farmers in the Navi Mumbai Airport Influence Notified Area (airport and the surrounding areas) to commercially use up to 60 per cent of their surrendered land.
However, villagers who have given their land for the airport will get only 22.5 per cent of the developed land area, but those farmers in the areas nearby the airport can commercially develop up to 60 per cent, a Cidco official told PTI here today.
The move is aimed at encouraging land owners to participate in infra development in and around the airport in Navi Mumbai, near the metropolis.

It can be noted that Cidco has prepared an interim development plan for the Navi Mumbai Airport Influence Notified Area (Naina) project and has envisaged an investment of Rs 7,400 crore for creating basic infrastructure for the region.
This is excluding the Rs 10000 crore airport project spanning 1,250 acres out of which 671 hectares were private land owned by 1,200 villagers in 10 villages.
The agency has prepared a 60:40 development plan wherein the villagers would have to surrender 40 per cent of the land and the Cidco can use the remaining land for commercial development. Of the 40 per cent surrendered land, Cidco will use 25 per cent for creating infrastructure.

Cidco has also allowed villagers, who have surrendered their land for the new international airport to sell the transfer of development rights (TDRs) to developers in case they cannot utilise the total floor space index (FSI) allotted to them in the form of compensation due to building height restrictions near the airport.
As a compensation, these villagers have been offered 22.5 per cent of the developed land, including 15.75 per cent of buildable plots, and 6.75 per cent development amenities.
"It was noticed that all land owners would not be able to use the entire permissible FSI (2) mainly due to height restrictions. So, we have given them option of commercially selling TDRs. Cidco will not receive anything from such transactions," an Cidco official said.