VMC Forms Panel to Scrutinize TDR Bonds

Vijayawada: Vijayawada Municipal Corporation held a meeting on Thursday to set up a committee dedicated to evaluating and scrutinizing the Transferable Development Rights (TDR) bonds.

The meeting, presided over by commissioner Swapnil Dinkar Pundkar, reviewed 15 proposals. This initiative aligns with the directives from the government to ensure a meticulous and systematic approach to the issuance of TDR bonds.

Dinakar said the primary objective of the committee was to verify the proposals and provide clear-cut recommendations before the subsequent meeting. “In order to maintain a regular and consistent evaluation process, the committee would meet every fortnight.”

The first meeting of the committee was attended by 12 members – the regional deputy director of Town and country planning, Rajamahendravaram, Arunavalli; tahsildar Vijayawada Central- Vennela Srinu;  tahsildar Vijayawada North -Madhuri; tahsildar Vijayawada East M. Venkata Ramaiah; tahsildar Vijayawada West P Jahnavi; deputy commissioner revenue VMC D Venkata Lakshmi; joint sub registrar Gandhinagar, Prasad; joint sub registrar Gunadala, Krishna Prasad; joint sub-registrar, Patamata Chaitanya and director town planning AP CRDA Vijayawada, Venkata Subbaih.

The commissioner emphasized the importance of adherence to government guidelines in recommending TDR bonds.