South Chennai faces severe shortage of drinking water
March 27, 2017

Several localities in southern Chennai are facing an acute shortage of drinking water. Pallavaram, Nangallur, Chromepet, Alandur, and Zamin Pallavaram are amongst the worst hit neighbourhoods. Residents have pointed out that water is being sold at Rs 10-12  per pot in a few areas while Alandur is being supplied water only once in three days. The latter has been blamed on faulty pipelines. Even Pallavaram residents are able to get water from Palar just once… Read More

Chennai civic body eyes tax collection of Rs 700 crore by March 31, 2017
March 25, 2017

Chennai Corporation will soon set a record of collecting tax worth Rs 700 crore. Closing in on its tax collection deadline of March 31 2017, the Chennai Corporation is expecting revenue receipt of another Rs 50 crore. The Centre’s demonetisation drive, during which the civic body accepted old currency denominations, has helped the city register such a record quantum of collection. Experts explains that properties such as malls, multiplexes, hospitals and marriage halls, that attract… Read More

Projects worth Rs 16,000 crore pending approvals in Tamil Nadu
March 23, 2017

Despite the fact that Tamil Nadu had attracted a total of Rs 2 lakh crore worth investment during the Global Investors Meet (GIM), several projects across the state remain stuck, primarily due to failing to get the required approvals in time. Nearly two-thirds (Rs 16,000 crore) of the total planned investments worth Rs 24,000 crore are awaiting to be realised due to various reasons, including delay in identification of land and government approvals. As revealed… Read More

New launches in Chennai dip by 31% in 2016: Report
March 14, 2017

According to a report by Cushman & Wakefield, residential new launches in Chennai have been hit by the political uncertainty in the state. Total new launches fell by 31 percent and stood at 6,400 units during 2016. The report pointed out that, during 2016, Chennai witnessed the ticket size of new launches in the mid income segment growing by about 40 percent to Rs 81 lakh. This growth in ticket size was primarily caused by developers launching new… Read More

Tamil Nadu to adopt land pooling method for industrial land development
January 22, 2017

Tamil Nadu government is planning to adopt the land pooling model to develop land for industrial use. Vikram Kapur, Secretary, State Industries, shared that the state wants to aggregate large tracts of land which will allow individual land owners to come together and cooperate with the government for development. This plan will benefit the government as well as the land owners who will become stakeholders in the development projects. The aim is to create a… Read More

Cyclone Vardah causes infrastructure loss worth Rs 86.7 crore in Chennai
December 16, 2016

Chennai’s infrastructure has suffered a blow worth Rs 86.7 crore due to the recent cyclone that hit the southern coast of India. Greater Chennai Corporation (GCC) has reported damage to civic infrastructure such as roads, bridges, streetlights, parks, and bus shelters across the city. With the worst of cyclone Vardah being over, officials state that repair work has begun in several areas. However, 90 percent of the work still remains to be done. Over 10,000… Read More

Tamil Nadu introduces standards for old age homes
November 30, 2016

The Tamil Nadu government has introduced a set of standards for old age homes in the state in an attempt to protect the interests of senior citizens. The new rules categorise old age homes into urban, rural, commercial and not-for-profit old age homes. Even retirement homes have been brought under the ambit of the new standards and have been categorised into leased homes, outright purchases, and rental homes. The guidelines deal with all aspects for… Read More

Madras HC reprimands Chennai authorities for not revising property tax
November 27, 2016

The Madras High Court (HC) has questioned Chennai’s municipal councils about their failure to revise the property tax rates since 1998. The HC stated that had the revision been carried out every four years as per the rules, the rates would have been revised by 25 percent for residential structures and 100 percent for commercial structures. This development came in the wake of a petition filed by K Kulasekaran and K Padhmanabhan, who had challenged… Read More

Unequal property tax rates displease property owners in Ambattur
November 7, 2016

Upset over the unfair tax rates in the locality, property owners in Chennai’s Ambattur have sought the state government’s intervention. The citizens are upset by the civic body’s failure to implement uniform tax rates in the city. With an average rate of 2.50 paise per sq ft, Ambattur has the highest property tax rates in the Greater Chennia Corporation limits.  Other zones such as Teynampet and Kodambakkam have lower per sq ft rates such as… Read More

Madras High Court directs CMDA to inspect alleged unauthorised construction
November 6, 2016

In response to a PIL from seven residents of an apartment in Nungambakkam, the Madras High Court has pulled up Chennai Metropolitan Development Authority (CMDA) over another case of illegal construction. The court has directed the civic body to inspect the alleged unauthorised construction in a prime location and take action as per law within 15 days of receipt of the order. The court found out that the civic body overlooked the letter by petitioners… Read More

Chennai struggles to handle e-waste
November 2, 2016

According to a report by Assocham and Frost & Sullivan, Chennai generates about 67,000 tonnes of e-waste every year and is the fourth highest in such waste production, following close behind Mumbai, Delhi, and Bangalore. The city suffers under the rising burden of e-waste that has toxic components such as copper, zinc, mercury, cadmium, barium, and lead. However, a lack of adequate infrastructure leads to just one per cent of this waste being recycled. Officials… Read More

Tamil Nadu gives nod to resale of unapproved housing plots
October 27, 2016

Resale of unapproved housing plots in Tamil Nadu got a nod from the state government against the backdrop of the Madras High Court’s (HC) ban on registration of unapproved housing plots in the state. The state government has issued a notification which has relieved people who were already burdened with such dead investments. The notification seeks to permit resale of registered unauthorised housing plots recorded as house sites in the earlier sale deeds. This would… Read More

NHAI to resume three stalled road projects in Tamil Nadu
October 26, 2016

The National Highways Authority of India (NHAI) has taken over three stalled road projects in Tamil Nadu from private developers and intends to revive them soon by inviting fresh bids for the same. These include the Chennai-Tada Tollway road, Poonamallee-Walajahpet road, and Chennai Bypass toll road. NHAI officials share that the six laning work on the 43.4 km long Chennai-Tada stretch had been awarded to Larsen and Toubro Limited in 2009 and was expected to be… Read More

Chennai civic body plans stringent action against tax defaulters
October 24, 2016

The Greater Chennai Corporation (GHC) is planning to take strict action against property tax defaulters. Officials share that most assessees continue to fail to make payments to time which adversely affects the civic projects in the city. The civic body recently organised a drive to seal establishments that had been operating without proper trade licenses. While several structures on Nelson Manickam Road and Anna Salai have been sealed, GHC is working on tracing other establishments… Read More

Tamil Nadu realtors demand single window clearance
October 22, 2016

Real estate developers in Tamil Nadu have demanded the introduction of a single window clearance system for getting the layouts approved by the directorate of town and country planning (DTCP). The meeting organised by Federation of All India Realtors and Agents Association saw around 1,500 developers and brokers present. The move was suggested after High Court issued a ban on sale and registration of layouts which were not approved by the DTCP. Commenting on this, A… Read More

PIL for prohibiting concretisation of Tamil Nadu farmlands
October 22, 2016

Madras High Court (HC) has received a Public Interest Litigation (PIL) asking for the prohibition of the rampant conversion of farmlands across the state into residential layouts. The PIL also asked for strict action against those promoting unauthorised layouts in the state. The first bench of Madras HC has already announced a blanket ban on registration of unauthorized layouts in Tamil Nadu. This has sounded the death knell for the unauthorized developments occurring across the… Read More

Chennai to see completion of two major IT space projects
October 20, 2016

The under construction projects in Chennai, DLF’s Information Technology (IT) Special Economic Zone (SEZ) and Tata’s Ramanujan IT City, are close to completion. With no other IT projects in the pipeline, Chennai will not have any major new additions in supply of IT space over the next two years. This might result in a short supply of IT SEZ space over the next couple of years as the subsequent major projects are anticipated to be… Read More

Chennai property rentals grow by 10%
October 17, 2016

Even though office space absorption in Chennai has dipped from 3.7 million sq ft last year to just 3.3 million sq ft during January-September 2016, rentals have grown by almost 10 per cent during the same period. The year-on-year (y-o-y) growth can be attributed to the shortage in supply of office space, state experts. The city’s realty market is largely driven by back office operations of major corporations, primarily in financial services. As a result,… Read More

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