Mumbai Set to Launch India’s First Online TDR Trading Platform This Week

Mumbai: In a major digital move for urban planning, the Brihanmumbai Municipal Corporation (BMC) is all set to launch India’s first online marketplace for Transferable Development Rights (TDR) this week. The platform is likely to be inaugurated by Chief Minister Devendra Fadnavis, as confirmed by civic officials.

The e-TDR system aims to bring transparency and efficiency to TDR transactions. Built on a SAAS platform, the marketplace will allow buyers and sellers to register, trade Development Rights Certificates (DRC), and manage financial transactions through State Bank of India (SBI) as the nodal bank.

All DRCs will be dematerialised and available in electronic format. To initiate a transaction, buyers will be required to deposit 10% of the bid amount, and any withdrawal may lead to forfeiture of a portion of that amount, as per BMC regulations.

The platform is expected to boost demand for TDR, streamline the Development Plan’s implementation, and offer clear guidance to landowners. TDR enables developers to build beyond permissible FSI limits, subject to location-based restrictions.

This initiative is part of the state government’s push for transparent and systematic urban development through digitization.