Development Rights Certificate definition

Development Rights Certificate means a certificate of award issued by competent authority to owner of land in lieu of consideration of his land which is proposed for non-remunerative use in development plan;
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Examples of Development Rights Certificate in a sentence

  • The Incidental Rights include the right of use of the Said Property as a receiving plot and/or to consume or fully exploit by utilising TDR and/or Development Rights Certificate and/or any other type of development potential either by payment of premium to the SRA and/or any other concerned authorities or available otherwise howsoever which the Developer and/or its nominee/s may be entitled to, from time to time, at the Developer’s sole and absolute discretion.

Related to Development Rights Certificate

  • Development rights means any right or combination of rights reserved by a declarant in the declaration to:

  • Development Application means the development application identified in Item 5 of Schedule 1 and includes all plans, reports models, photomontages, material boards (as amended supplemented) submitted to the consent authority before the determination of that Development Application.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Development Plan has the meaning set forth in Section 3.2.

  • Transferable development right means a right to develop and use land that