Tag: Chennai

IndustryLatest Stories

Builders in Tamil Nadu Can Register Sales of Properties Online

CHENNAI: The Tamil Nadu registration department will implement its ‘Anywhere registration facility’ for the first sale of plots and flats starting August 17. This system enables builders and developers to register documents digitally without visiting sub-registrar offices. The announcement was made by Commercial Taxes and Registration Minister T. Logesh Tamilselvan after a review meeting with heads of sub-registrar offices, district registrars, revenue officers, and other senior officials at the integrated commercial taxes complex in Nandanam. “This initiative aims to enhance the transparency, efficiency, and accessibility of registration services, while mitigating congestion at sub-registrar offices,” said Logesh Tamilselvan. Under the new…

CommercialLatest Stories

Six New Co-Working Spaces for CM’s Office Coming to Chennai

CHENNAI: Six co-working spaces, established by the previous DMK government in North Chennai, are set to open to the public soon. The Greater Chennai Corporation (GCC) has issued tenders to outsource housekeeping for a year while retaining technical and administrative oversight. The new facilities will be located in Purasaiwalkam, Periyar Nagar, Otteri, Pulianthope, Thiru-Vi-Ka Nagar, and Kolathur. These centers, constructed before the elections, have been awaiting inauguration. Each facility will employ two sweepers, two receptionists, and two security guards. While housekeeping operations will be outsourced, the civic body will manage data operations, IT infrastructure, and electrical maintenance. Additionally, GCC has…

IndustryLatest Stories

Godrej Properties Purchases 47 Acres in Chennai

Representative AI image NEW DELHI: Godrej Properties (GPL) has secured a 47-acre land parcel through outright purchase, situated off Old Mahabalipuram Road (OMR) in South Chennai. The future development on this site is anticipated to mainly consist of plotted residential units, with an expected developable area of 1.2 million sq ft, and a projected revenue potential of ₹500 crore. Gaurav Pandey, MD & CEO of the company, stated, “South Chennai has become one of the most promising residential micro-markets in the region, bolstered by improved infrastructure and increasing interest from end-users.” Published On Jun 30, 2026 at 08:23 AM IST…

Latest StoriesRegulatory

HC nullifies Tamil Nadu law allowing registrars to block deals

MADURAI: The Madras High Court has annulled Section 34-C of the Registration Act, 1908, which was amended by Tamil Nadu in 2026. The court ruled that this section unjustly conferred sub-registrars with the authority to impede property registrations based on issues within civil court jurisdiction. A division bench comprising Justices N. Sathish Kumar and M. Jothiraman deemed the provision unconstitutional and invalid, while accepting four writ petitions that challenged the amendment. Section 34-C prohibited the registration of documents related to immovable property unless the individuals involved presented the original document and an encumbrance certificate. Furthermore, registration was restricted in cases…

IndustryLatest Stories

Chennai Development Body to Focus on Urban Planning, Exit Construction

CHENNAI: Following two years of spending nearly ₹3,000 crore and accumulating a deficit of ₹1,500 crore, the Chennai Metropolitan Development Authority (CMDA) has resolved to cease construction activities and refocus on its primary responsibilities of urban planning and approvals. During the past two years, CMDA financed various projects including the Vada Chennai Valarchi Thittam, Mudhalvarin Padaipagams, and several bus terminuses, along with improvements to libraries and the ornamental fish market, alongside infrastructure development throughout the city. “We have spent about ₹3,000 crore on construction, leading to a negative balance of ₹1,500 crore. There are no funds available for new projects,…

IndustryLatest Stories

Mahindra Secures 15 Acres in Mumbai; YKK to Build Chennai Plant

NEW DELHI: Mahindra Lifespace Developers (MLDL) has acquired a 15-acre land parcel in Kandivali East, Mumbai. This site presents a development opportunity of approximately 1.8 million sq ft, with an estimated gross development value of ₹5,600 crore, as stated by the company. The acquisition was made through a competitive bidding process. The land is conveniently located near the Western Express Highway and metro corridors. “This acquisition enhances our footprint in one of Mumbai’s key residential areas,” commented Vimalendra Singh, Chief Business Officer – Residential. The site benefits from a well-established social infrastructure, including schools, hospitals, and retail centers. Connectivity is…

InfrastructureLatest Stories

Chennai Metro Phase-II Line Delayed Despite Approval

CHENNAI: Four months after the Chennai Metro Rail’s first Phase-2 line from Poonamallee Bypass to Vadapalani received approval for commissioning, passengers are still awaiting the commencement of services. The 14.6 km stretch of corridor-4— the initial section of the 118.1 km Phase-2 network to be completed— obtained conditional approval from the Commissioner of Railway Safety (CRS) in February, followed by another approval in May after CMRL met all specified requirements. Sources reveal that CMRL has reached out to the Centre to set an inauguration date, but an announcement has yet to be made. The postponement has shifted the anticipated launch…

IndustryLatest Stories

CMDA Gains Authority to Approve Chennai High-Rises

CHENNAI: The process for obtaining planning permissions for high-rise buildings (HRBs) is set to become faster. The state government has delegated the authority to approve HRB projects in the Chennai Metropolitan Area (CMA) to the Chennai Metropolitan Development Authority (CMDA). This decision was made known through a Government Order (GO) by the housing and urban development department on June 15. Following a request from the CMDA, which indicated that routing proposals through the government after technical review had caused delays, the government has concurred and decided to enable the planning authority to grant approvals directly. This order amends provisions of…

IndustryLatest Stories

NGO Urges Tamil Nadu CM to Halt Brigade Project in Perumbakkam

CHENNAI: Arappor Iyakkam, an NGO dedicated to combating corruption, has requested the state government to revoke the approvals granted to a property developer for a residential project in Perumbakkam. They allege that the site is located within the protected Pallikaranai marshland. The NGO submitted a complaint to Chief Minister C. Joseph Vijay, stating that the developer is “attempting to resume construction in violation of the Wetland Conservation Rules 2017, as well as a Supreme Court stay order preventing any construction within the designated wetland areas.” The project, located on land with survey numbers 453, 495/2C, 496, 497, and 498 in…

Latest StoriesRegulatory

Chennai Civic Body Aims to Recover Loans from Property Defaulters

CHENNAI: The Greater Chennai Corporation (GCC) has recently addressed a letter to the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) regarding the low property tax collection, which stood at only 80% in the last financial year. The GCC is seeking directions that would require banks and financial institutions to include pending property tax dues when recovering loans from borrowers. To further enhance recovery rates, the GCC has also requested CERSAI to connect property tax defaults with CIBIL ratings and advise banks to deduct the owed amounts directly. GCC Commissioner G S Sameeran highlighted that there…