Godrej Properties secures TDR certificates to enhance the development potential of their upcoming Gurugram project.
In a move that strengthens their foothold in Gurugram’s lucrative real estate market, Godrej Properties, a prominent Indian developer, has acquired Transfer of Development Rights (TDR) certificates for a project in the city. TDR certificates are a unique tool used in Indian urban planning.
They allow developers to purchase development rights from areas designated for lower-density construction. By incorporating these TDR certificates, Godrej Properties could increase the floor space allowed for their upcoming Gurugram project.
This strategic acquisition signals Godrej’s confidence in the city’s real estate potential and its intention to capitalize on the growing demand for premium residential space in Gurugram. The additional building rights unlocked by the TDR certificates could translate into a larger project with more units or even allow for the inclusion of extra amenities, making the development even more attractive to potential buyers.
