Sand prices double in Chennai; construction work takes a hit
April 24, 2017

Sand prices have doubled in Tamil Nadu within a month’s time, hitting construction activity in the state. As per the revised rates, a cubic foot of river sand is now sold between Rs 70 and Rs 80 while Manufactured Sand (M Sand), an alternative to river sand, costs Rs 60 per cubic foot in Chennai. Under such circumstances, major infrastructure projects such as metro rail and work on important roads in the city could be… Read More

Chennai Metro gets loan worth Rs 2,000 crore
April 4, 2017

The fifth phase of Chennai Metro project has received the Official Development Assistance (ODA) loan of about Rs 2,000 crore by Japan International Cooperation Agency (JICA). The loan agreement was signed in the national capital, between a JICA representative and the Joint Secretary, Department of Economic Affairs. The fifth phase of the project will be a nine km long stretch, extending from Washermanpet to Wimco Nagar. This will be an addition to the 45 km… Read More

Tamil Nadu extends the validity of building plan permits to 5 years
April 1, 2017

After the Tamil Nadu government’s latest decision to extend the validity period of building plan permits to five years, construction approvals in the state will not expire in next three years as was the earlier norm. The move will relieve the realtors across the state from the hassle of renewing the permits every three years if they fail to start the construction of the planned projects in time. This move is supported by an amendment… Read More

Madras HC allows resale of registered plots in unauthorised layouts in Tamil Nadu
March 29, 2017

The recent ruling by Madras High Court (HC) has modified the ban on unapproved layouts in Tamil Nadu to offer relief to landowners in such layouts. The HC has now allowed buyers of registered residential plots located in unapproved layouts to sell their plots, directing registration authorities to register such resale transactions. Since September 2016, all sale and registration of unapproved plots and layouts in Tamil Nadu had been banned by the Madras HC. This decision had… Read More

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

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