SoftTech Launches India's First TDR Trading Exchange Platform-e-TDR
SoftTech Engineers Ltd. has launched India's first unified digital platform for Transfer of Development Rights (TDR) transactions, e-TDR, in partnership with Brihanmumbai Municipal Corporation (BMC) and under the directions of the UDD, Government of Maharashtra. The platform serves over 18,000 registered developers and TDR owners in BMC. e-TDR is an online platform that allows buyers and sellers to transact TDR with digitally signed contracts, secure bank payment gateways, real-time bidding, negotiation, and settlement. The platform also features digital contracts with IGR-integrated stamp duty payments, AI-enabled predictive and prescriptive analytics, blockchain-anchored TDR Certificate issuance, and automated compliance and settlement workflows.
Key Highlights
- SoftTech has launched India's first unified digital platform for TDR transactions, e-TDR.
- The platform serves over 18,000 registered developers and TDR owners in BMC.
- e-TDR offers secure bank payment gateways, real-time bidding, negotiation, and settlement.
- The platform features digital contracts, AI-enabled predictive analytics, and blockchain-anchored TDR Certificate issuance.
- e-TDR aims to eliminate opaque pricing, provide equal market access, and replace manual processes with automated, auditable workflows.