Softtech Engineers Limited has informed the Exchange regarding a press release dated April 02, 2026, titled "SoftTech Launched India s First TDR Trading Exchange Platform e-TDR (A Government of Maharashtra & BMC Initiative) ".
SOFTTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SoftTech Engineers Limited has been appointed as the technology partner for India's first TDR (Transfer of Development Rights) Trading Exchange Platform called 'e-TDR', launched by BMC under directions from the Government of Maharashtra's Urban Development Department. The platform enables online buying and selling of development rights with features like real-time bidding, digital contracts, AI analytics, and blockchain-based certificate issuance. It will serve 18,000+ registered developers and TDR owners in Mumbai. The platform generates revenue through transaction fees per deal. This reinforces SoftTech's position as a technology provider for digital governance and urban infrastructure transformation.
This government partnership provides SoftTech with a recurring revenue stream from transaction fees in Mumbai's large real estate market. The platform serves a substantial user base from day one, potentially driving steady fee income. However, no specific revenue projections or order values were disclosed in the announcement.