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"development rights" is a correct and usable phrase in written English.
You can use it to refer to the legal right to develop land, typically in the context of a specific project. For example, "The government approved the sale of development rights for the proposed shopping center."
Exact(58)
A developer could then buy additional development rights from the city or from landmarks like Grand Central Terminal itself that have unused development rights.
Developers would be able to buy development rights for the towers from the city and later from the owner of the development rights over Grand Central.
The developers, in turn, would get valuable development rights to build skyscrapers in the surrounding area.
Intended to curtail the transfer of development rights, this rule is despised by developers.
The developers said they paid $23.7 million for the building and the development rights.
"It's an exploration to acquire development rights.
Others have discussed a complex system of trading development rights.
Human development, rights and dignity have been comprehensively ruined".
The idea of buying development rights on farmland is simple.
But under permitted development rights, there is no such requirement.
*It would effectively restrict transfer of development rights.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com