Tamil Nadu launches RERA website
July 17, 2017

Tamil Nadu has finally launched the website for the regulatory authority formed as per the Real Estate (Regulation and Development) Act (RERA). All builders in the state must register with the state RERA before launching any new projects. Buyers may also file complaints on the regulator’s website. The process of registration under RERA involves furnishing various details about the projects and making them publically accessible on the website. Some prominent information needed are details about the… Read More

Tamil Nadu proposes rent authority under Landlords and Tenants Act
July 17, 2017

Tamil Nadu government has expressed its intention to set up a rent regulatory authority to deal with rent related issues in the state. To achieve the same, the state government has introduced a bill to promulgate the Tamil Nadu Regulation of Right and Responsibilities of Landlords and Tenants Act, 2017 in the assembly. This new bill will replace the existing Tamil Nadu Building (Lease and Rent) Control Act, 1960. Housing and urban development minister Udumalai K Radhakrishnan commented that… Read More

Madras HC asks Chennai authorities to act against illegal structures in T Nagar
July 16, 2017

The Madras High Court (HC) has asked regulatory bodies in Chennai to submit status report about the unauthorised developments in T Nagar. This signals the next round of litigation about the safety of buildings in T Nagar, which had been built in violation of approved plans. Unauthorised buildings in T Nagar has been a worrisome issue since 2006, with several judgments and directives. While several structures survived demolition orders, a few buildings demolished the offending… Read More

T Nagar smart city projects to begin in August
July 15, 2017

To take a step further in the implementation of Smart City Mission initiated by the central government, the Greater Chennai Corporation is more likely to begin the development projects in T Nagar from next month onwards. T Nagar was included under the Smart City Mission back in 2015. The authority would initiate the infrastructural enhancements of 23 interior roads in the city including the Maharajapuram Santhanam Salai and Muthurangan Salai. These enhancements include Wi-Fi connectivity,… Read More

Chennai Metro Phase 2 kick started
July 11, 2017

The Chennai Metro Rail Limited (CMRL) has initiated preliminary activities for the second phase of the project in the city as the construction of the first phase, stretched over 45 km, is on the verge of completion. With three corridors – between Madhavaram and Siruseri, Chennai Mofussil Bus Terminus in Koyambedu to Light House, and Madhavaram to Sholinganallur, CMRL's second phase is expected to cover a stretch of more than 107 km and is likely… Read More

No website for Tamil Nadu RERA till now; manual registrations commence
July 9, 2017

While Tamil Nadu has notified its rules for the Real Estate (Regulation and Development) Act, the regulatory authority is yet to be formed. The Secretary, Housing and Urban Development department has been appointed as the interim regulator, share experts. In the absence of a website for the regulatory authority, the state has commenced manual registration of developers and projects. The website is expected to be ready in another week. Officials share that this move has… Read More

New Tamil Nadu housing policy in the pipeline
July 9, 2017

The Tamil Nadu government has proposed a new housing policy to provide adequate housing facilities for the economically weaker section (EWS) in the state. Announcing the same, Chief Minister K Palaniswami commented that the new policy would have provisions aimed at reducing the cost of construction in order to allow the poor to afford shelters. The policy will also attempt to promote urbanisation and infrastructure across Tamil Nadu, ensure provision of basic amenities, amending master plans as… Read More

Coimbatore seeks increased production of manufactured sand
July 9, 2017

Restricted supply of sand has hit Coimbatore’s real estate market. With the supply dropping from 40,000 loads to just 4,000 a day, construction and realty players have become dependent on manufactured sand (M-sand). However, since there are just 12 manufacturers of the material in the region, developers have requested the government to enhance the production of M-sand. Experts share that the total capacity of M-sand production in Coimbatore is 50 loads, which is insufficient to… Read More

Chennai metropolitan area to be expanded seven times
July 4, 2017

With an aim to counter the effect of rapidly surging population in Chennai, Udumalai K Radhakrishnan, State Housing and Urban Development Minister, has decided to increase the Chennai Metropolitan Area (CMA) to cover 8,878 sq km from its current 1,189 sq km. This will bring in districts like Kancheepuram and Tiruvallur under the jurisdiction of authorities responsible for CMA. The move has been proposed to regulate development process in the suburban areas of Chennai and… Read More

An online system to be introduced for filing of building approvals in Tamil Nadu
July 2, 2017

An online portal will be launched soon for filing applications for planning permission with the Chennai Metropolitan Development Authority (CMDA). The step is adopted to ramp up the clearance process in the real estate sector in the state. Dharmendra Pratap Yadav, Secretary, Housing and Urban Development, Tamil Nadu, appreciated the move and stated that the online procedure of filing of applications for planning permission will make the overall procedure easier and faster. Applications will be… Read More

Will going digital end Tamil Nadu’s sand woes?
June 30, 2017

To counter the criticism Tamil Nadu government has been facing due to its sand mining policy, the State has decided to sell sand exclusively online from July 1. The radical step has been taken in order to control sand cost inflation. A website and a mobile application has been launched to facilitate the sales. The portal will manage and monitor registration for sand sale, booking and tracking of sand orders, and inter-state transportation. The move… Read More

Tamil Nadu notifies RERA rules
June 27, 2017

Almost two months after the launch of the Centre’s Real Estate (Regulation and Development) Act (RERA), the Tamil Nadu government has finally notified the Tamil Nadu RERA rules to bring transparency in the real estate activities in the state. The government has announced that the Secretary, Housing and Urban Development Department, will act as the interim regulatory authority. Under these rules, all real estate projects and real estate agents are required to register with the… Read More

Tamil Nadu empowers local bodies to grant building permissions
June 26, 2017

Tamil Nadu government has decided to allow local bodies to give planning permissions for residential buildings having area over 4,000 sq ft. In addition, they would also be able to sanction plans of commercial structures beyond 2,000 sq ft. The state will be making necessary amendments to achieve the purpose. Currently, local bodies in the state may grant permissions for constructing residential buildings up to 4,000 sq ft and approvals for commercial structures up to… Read More

Tamil Nadu drafts rules to regularise unauthorised buildings
June 17, 2017

Tamil Nadu government has prepared draft rules for regularising unauthorised buildings in the state that were built before July 1, 2007. Buildings with height up to 17.25 m, irrespective of the number of floors, will also be eligible for regularisation. After the Madras High Court’s four week deadline to the state to notify rules for unauthorised structures, this is the second time such buildings in the state are being regularised, which has been challenged by… Read More

Tamil Nadu lowers land guideline value by 33%, hikes registration charge
June 11, 2017

Tamil Nadu government has announced a 33 percent reduction in guideline value of land, which will come into effect from June 9. However, this reduction is being accompanied by an additional fee of four percent on conveyance, gift, settlement, and exchange deeds. Guideline value refers to the pre decided value of a property set by the government, below which its sale cannot happen. The market value of a property is generally higher than the guideline… Read More

GIS mapping project in Chennai likely to include drones
June 9, 2017

The Greater Chennai Corporation (GCC) is planning to expand the scope of its Geographical Information System (GIS) mapping project by introducing camera-mounted drones. This proposal is subject to clearances from civil aviation ministry, defence ministry, city police, and other government departments. If approved, this enhancement will assist the civic body in identifying possible construction violations. After being in the pipeline for a decade, the GIS mapping project has finally been launched. It will include 15 two-member teams which will… Read More

Chennai witnesses growing demand and supply of affordable housing
June 9, 2017

Acknowledging the rising demand for smaller homes in Chennai, developers in the region are turning their sights on budget homes. This translated into greater new launches in the affordable housing segment, which grew from 102 in the first four months of 2016 to 124 in the corresponding period in 2017. A report by Cushman & Wakefield noted that supply of affordable housing units increased consistently throughout 2016, except during the last quarter which was beset… Read More

Tamil Nadu introduces GST Bill in assembly
June 4, 2017

Tamil Nadu Cabinet has approved the introduction of the Tamil Nadu Goods and Services Tax (GST) Bill in its assembly. With this, the state is soon expected to join the ranks of other states that are striving to roll out the new tax regime from July 1. Once the Bill is passed and GST gets implemented in the state, it will subsume all indirect taxes. Experts share that GST will enable the state government to… Read More

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