again issued notice
dated 15 January 2025 to the Developers not to act on TDR Sale
Agreements. On 19 January 2025, Special General Body ... Defendant Nos. 5 to 18 are concerned, they are
developers who were desirous of purchasing TDR available in the
market. Since they were approached
permitted properties. TDR ensures adherence to
zoning laws and balances urban planning.
(i) Issuance of TDR Certificates: Municipal authorities issue TDR
certificates to landowners ... increase the
construction potential of their land.
(iii) Utilisation of TDR: Developers utilise TDR to enhance the FSI
of their project within the permissible limits
Developers.
Considering the legal principles in the decision of Lake View
Developers and Dosti Corporation, the legal principles settled
in the decision of Manratna Developers ... There could not have been disclosure in regard to TDR,
as the very concept of TDR was not prevailing when the
agreement was entered into
utilization of 'inside' or 'outside' TDR. That loading of
TDR was permissible in respect of the subject construction and the
Municipal ... TDR generated in respect of the land of Kantwadi
Scheme is referred to as the 'inside' TDR, whereas the TDR
generated in respect
utilization of 'inside' or 'outside' TDR. That loading of
TDR was permissible in respect of the subject construction and the
Municipal ... TDR generated in respect of the land of Kantwadi
Scheme is referred to as the 'inside' TDR, whereas the TDR
generated in respect
residential project. Acme has
invested in acquiring further transferable developments rights ("TDR")
to load them on to the project. Wing A has been ... whether its payments to its related parties towards TDR
was meant for loading the TDR on the development of the Subject
Property or elsewhere
utilization of 'inside' or 'outside' TDR. That loading of
TDR was permissible in respect of the subject construction and the
Municipal ... TDR generated in respect of the land of Kantwadi
Scheme is referred to as the 'inside' TDR, whereas the TDR
generated in respect
utilization of 'inside' or 'outside' TDR. That loading of
TDR was permissible in respect of the subject construction and the
Municipal ... TDR generated in respect of the land of Kantwadi
Scheme is referred to as the 'inside' TDR, whereas the TDR
generated in respect
therein, to the following effect:-
"(i) The Developer shall complete the loading the full
TDR/FSI onto the project before seeking possession ... Needless to state that barring the condition of loading
FSI/TDR, the Developer shall ensure compliance of clauses (i)
to (v) of sub-clause
undisputed facts is that amount paid by the developer is in respect
of TDR towards FSI of 230 square meters for which construction
remained pending ... pursuant to development agreement, right to construct
by loading TDR is transferred to the developer by society formed before
1991, there will be no capital
