Development Of Blockchain-Based TDR Portal

The Kanpur Development Authority (KDA) spearheads the state's urban development strategies by introducing Transferable Development Rights (TDR) as a transparent and efficient mechanism to compensate property owners and enhance city infrastructure. Older, densely populated areas of Kanpur lack modern amenities, necessitating land acquisition, which burdens KDA's finances. TDR offers a novel solution by compensating landowners with development rights that can be used on the same or different parcels of land or sold at fair market value to real estate developers, who can use them to increase building heights. KDA, in collaboration with C3I Hub, IIT Kanpur, would utilize blockchain technology to ensure tamper-proof generation, transfer, and utilization of these rights. The city would be divided into sending and receiving zones, with TDRs issued in sending zones and utilized in receiving zones, promoting equitable development. Following the pilot in Kanpur, the TDR system will be integrated with all development authorities across the state.