The economic offences wing (EOW) of the Mumbai Police is probing a complaint about the sale of non-existent TDR (Transferable Development Right) in which a group of persons have made several crores of rupees. The use of TDR enables a builder to build beyond the floor space index (FSI) available for his project. On the average TDR is priced at 65 % of the ready reckoner (RR) rate of the ward where it is to be used.
According to the complaint filed on March 25 by a whistle-blower, who preferred to be anonymous, a cooperative housing society has caused huge loss to the state exchequer by generating fraudulent TDR and selling the same to some of the leading builders of Mumbai.
According to the whistle-blower, the society is still in occupation of over 15,000 sq mtrs of land and yet it has claimed that the authorities have acquired a large part of its land for road construction.
He has submitted documents to the EOW to prove that not an inch of land of the society has been acquired by the government and this was evident from the conveyance deed and property card. He alleged that TDR for over 12,000 sq mtrs worth Rs 55 cr was awarded in 2023 through forgery and fraud. He has complained to the MCGM to check its records and take action against the persons concerned. He has also complained to the anti-corruption bureau alleging connivance on the part of certain employees of the MCGM.
The whistle-blower said “this is only the tip of the iceberg. I suspect a massive scam in the generation of fake TDR worth thousands of crores. A high-level probe needs to be carried out.”
