How does Transferable development rights (TDR) works for proposed roads ?



Today, I went to deal  with an agent for one vacant land property and that was came under the TDR, 
Lets see how it's work 
Transferable development rights (TDR) is a step taken by the State Government to ease congestion problems in the city. TDR envisages permitting an additional floor area ratio (FAR) to owners of land acquired for road widening.
With TDR, the city corporations are empowered to relax building bye-laws to benefit property owners. In case an owner gives up his vacant land voluntarily, instead of compensation, he will be given an additional FAR that will be 1.5 times the size of the plot.
The FAR can be used either by the owner to extend his building or can be traded for a price. A Development Rights Certificate (DRC) will be issued to the property owner. This, in turn, will be a legal document for the owner to trade.
According to TDR, authorities can consider relaxing setbacks and coverage area to the tune of 50 per cent. This applies to land surrendered free of cost for road widening. However, no such relaxation will be given to an area needed for parking.
For example, if a person surrenders his vacant land measuring 2,000 sq ft in an 'A' zone (intensely developed area), he will be awarded additional FAR which he can sell to a buyer in an 'A', 'B' (moderately developed area) or 'C' (sparsely developed area) zone.

courtesy by ET.

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