Property Owners Oppose TDR Compensation for Rajiv Rahadari

Hyderabad: Property owners affected by the proposed Rajiv Rahadari road widening and elevated corridor project have opposed compensation through Transferable Development Rights (TDR), saying they could suffer financial losses if certificates are sold below face value.

The Rajiv Rahadari Property Owners’ Joint Action Committee (JAC), in a statement on Saturday, said a recent government order had extended the TDR provision to properties in the Cantonment area that were earlier outside Hyderabad Metropolitan Development Authority (HMDA) limits. The JAC said the move could affect properties covered by the proposed project.

While TDR may be offered as an alternative form of compensation, the JAC expressed concern that certificates could trade in the open market at a discount, leaving property owners with less money while giving up assets that represent their savings, security and livelihoods.

JAC chairman Telukunta Satish Gupta said property owners should not be compelled or indirectly pressured into accepting TDR. He cautioned owners against surrendering properties or accepting compensation without independent legal and financial advice. The JAC demanded “fair, just and adequate cash compensation” based on prevailing open-market value. It also sought compensation on par with the ratio provided to property owners affected in Thumkunta.

The committee said any consent should be based on complete information about market value, legal implications and financial risks associated with TDR. It appealed to affected owners to remain cautious and united while the compensation issue is under consideration.