The concept of TDRs originated in New York City in the early 1960s. While it has been utilized worldwide since then, it has garnered increased attention, particularly in major Indian cities over the past few decades. This surge in interest is driven by the necessity for organized development to prevent unplanned and chaotic urban growth. The concept evolved as a way to compensate property owners for development limitations in one location by providing them with the option to transfer their development rights to another location where additional development was encouraged.
