India, Aug. 12 -- The decision of Slum Rehabilitation Authority (SRA) to grant full transfer of development rights (TDR) for land in Janta Vasahat, near Parvati Hill, has been met with opposition from realtors who called it an alleged violation of development regulations.

The area falls under the Hill Top-Hill Slope zone, where rules permit only 0.8% TDR. However, SRA in May this year approved 100% TDR, valued at Rs.763.39 crore, for the 1.92 lakh sqm plot - an unprecedented decision that has raised questions from some real estate developers about procedural compliance.

Satish Khadke, CEO, Slum Regulatory Authority, said, "I have recently taken charge. I will gather details and examine any objections raised. The matter will be verified....