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SoftTech Engineers Limited Powers India’s First E-TDR Platform Launched by Government of Maharashtra & BMC
Mumbai (Maharashtra) [India], August 25: SoftTech Engineers Limited, a leading provider of technology-driven solutions for infrastructure and construction management, has been appointed as the technology partner for the launch of India’s first unified digital platform for Transfer of Development Rights (TDR) transactions, E-TDR. This pioneering initiative, introduced by the Brihanmumbai Municipal Corporation (BMC) under the guidance [...]
Mumbai (Maharashtra) [India], August 25: SoftTech Engineers Limited, a leading provider of technology-driven solutions for infrastructure and construction management, has been appointed as the technology partner for the launch of India’s first unified digital platform for Transfer of Development Rights (TDR) transactions, E-TDR. This pioneering initiative, introduced by the Brihanmumbai Municipal Corporation (BMC) under the guidance of the Urban Development Department (UDD), Government of Maharashtra, is set to transform the way TDR transactions are conducted across Maharashtra.
The E-TDR platform is designed to serve over 18,000 registered developers and TDR owners within the BMC ecosystem, offering a seamless, transparent, and secure digital marketplace for buying and selling development rights. TDR, a key urban planning tool, enables landowners to receive compensation in the form of additional development rights when their land is acquired for public infrastructure projects such as roads, parks, and utilities. These rights can be utilized on other plots or traded, thereby supporting planned urban growth without immediate monetary compensation.
The newly launched E-TDR platform digitizes this process end-to-end. Buyers and sellers can access the platform to conduct transactions through real-time bidding, negotiation, and digitally signed contracts. The platform integrates secure online payment gateways and stamp duty payments through IGR systems, ensuring compliance and efficiency.
