The Ahmedabad Municipal Corporation (AMC) is set to revolutionise its Transferable Development Rights (TDR) management by integrating blockchain technology. Moving away from error-prone manual processes, the new system will use blockchain to digitise TDRs, enhance transparency, and prevent fraud. The initiative will also extend to digital issuance of various certificates and licences. Key features include automated smart contracts, a public verification portal, and a comprehensive audit trail. Additionally, Optical Character Recognition (OCR) and e-signatures will streamline document processing and approvals, ensuring a secure and efficient system.
The management of Transferable Development Rights (TDR) by the Ahmedabad Municipal Corporation (AMC) is set to undergo a transformation through the adoption of blockchain technology. The traditional manual procedures for handling TDR, such as issuing Development Rights Certificates (DRCs) and managing the physical debiting and crediting of TDR, are being replaced with a blockchain-integrated system. This change aims to improve accuracy, transparency, and security in the management process, reducing the risks associated with manual handling and ensuring a more efficient system. Transferable Development Rights (TDR) enable property owners to transfer the development potential of a plot to a different area of the city, measured in Floor Space Index (FSI) and square metres.
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