Tag: Chennai

Latest StoriesRera

RERA Boosts Property Deal Transparency: Tamil Nadu Chairman

MADURAI: Homebuyers often face challenges due to a lack of information when purchasing properties. However, with the implementation of the Real Estate (Regulation and Development) Act (RERA), buyers can now easily verify project details through the official website, according to Shiv Das Meena, chairman of the Tamil Nadu Real Estate Regulatory Authority (TNRERA). Speaking at an awareness program on Saturday, Meena introduced an explanatory manual on RERA regulations, emphasizing the Act’s role in promoting transparency, accountability, and credibility in the real estate sector. He noted that RERA has revolutionized the home buying process in the state by establishing a safer…

Latest StoriesRera

RERA Boosts Transparency in Tamil Nadu Property Deals

MADURAI: Homebuyers often face challenges due to limited information during property purchases. However, with the implementation of the Real Estate (Regulation and Development) Act (RERA), they can now easily verify project details via the official website, according to Shiv Das Meena, chairman of the Tamil Nadu Real Estate Regulatory Authority (TNRERA). During an awareness program held on Saturday, Meena introduced an explanatory manual on RERA regulations, emphasizing the Act’s role in promoting transparency, accountability, and credibility within the real estate sector. He noted that RERA has transformed the home-buying process in the state, establishing a secure and trustworthy investment atmosphere.…

Latest StoriesResidential

Hiranandani Expands into Senior Living with 1M Sq Ft in Chennai

Representative Image NEW DELHI: Hiranandani Communities, part of the Niranjan Hiranandani Group, has partnered with GTB Group to venture into the senior living sector. The Elements project, covering 4.5 acres, has a development potential of one million sq ft and will be situated in Hiranandani Parks, Oragadam—a planned township in Chennai. The estimated total project value is ₹300 crore and will be executed in two phases. It is set to include 400 residences, with prices starting from ₹60 lakh. Niranjan Hiranandani, founder and chairman, commented, “The Hiranandani Parks, Oragadam township aims for an ambitious topline revenue of ₹4,000 crore, as…

InfrastructureLatest Stories

Tidco seeks TN government’s approval for Global City project

CHENNAI: The Tamil Nadu Industrial Development Corporation (Tidco) has requested administrative approval from the Chengalpet district collector to acquire 1,945.19 acres of both patta and government land from six villages in Maduranthakam taluk for the upcoming global city project, according to Tidco’s managing director, Sandeep Nanduri. This initiative aligns with the state government’s announcement in the 2025 budget regarding the development of a 2,000-acre global city near Chennai, which will feature IT parks, trade zones, residential complexes, leisure areas, and advanced infrastructure. The first phase is anticipated to commence soon, with Tidco assuring efficient connectivity to Chennai via metro rail,…

InfrastructureLatest Stories

Tamil Nadu: Half the land acquired for Parandur airport

CHENNAI: The Parandur airport project has advanced significantly as the state government has acquired 1,100 acres across 17 villages in Kancheepuram district, distributing ₹680 crore to the landowners. A total of 1,075 sale deeds were signed in the past four months during camps organized by revenue district officers and land acquisition officers. Official sources noted that local villagers willingly offered their land, satisfied with the compensation provided. “Those who registered their land to the government received immediate compensation via bank transfer,” the source mentioned. Compensation varies from ₹35 lakh to ₹1.1 crore per acre, depending on land guideline value, in…

CommercialLatest Stories

Chennai Body to Build Co-Working Spaces in George Town

CHENNAI: In response to the increasing workforce in lower-income neighborhoods, the CMDA plans to establish a co-working space for the Chief Minister on Wall Tax Road in George Town. The CMDA has issued tenders for the construction of a three-storey building that will provide at least 150 workstations across its first two floors. The third floor will feature a canteen and designated dining area. As per the tender details, the ground floor will include a lobby spanning 770 square feet. The first floor will accommodate a work terminal for 75 users within a 1,334-square-foot area, alongside a special lobby for…

IndustryLatest Stories

Tamil Nadu’s Land Reforms Dept. Sets Record Maintenance Guidelines

Representative image CHENNAI: The land reforms department has issued a comprehensive circular to district collectorates and revenue officers, outlining the protocols for maintaining documents to ensure their accessibility and longevity. This initiative follows criticism from the state information commission regarding the inadequate upkeep of records, which has resulted in numerous Right to Information Act petitions being denied due to the unavailability of requested documents. The circular emphasizes that records concerning patta transfers, land acquisitions, ownership details, land reclassification, encroachments, government land leases, land surrenders, and tax schemes must be systematically maintained by local district collectorates, with copies submitted to the…

IndustryLatest Stories

Chennai Patta Transfers Delayed Despite Digitized Land Records

CHENNAI: While the Survey and Settlement Commissionerate has digitized land records and enabled software integration between revenue and registration departments to facilitate patta transfers, city residents are still experiencing delays. Several applicants report waiting weeks to see title changes in their patta post-registration. Previously, the process for buyers and sellers was tedious, requiring mandatory visits to taluk offices for patta transfers, land measurements, and other services related to land records. Now, the system has transitioned online, significantly reducing the time needed to obtain documents and diminishing opportunities for corruption. Under the updated system, title changes in the patta can occur…

Latest StoriesRegulatory

Chennai: ₹2,000 Cr Housing Scam in Pallikaranai Ramsar Site

CHENNAI: The anti-corruption NGO Arappor Iyakkam has accused various state government departments of unlawfully granting clearance for a ₹2,000-crore housing project allegedly located within the ecologically sensitive Pallikaranai Ramsar wetland area in Perumbakkam. In a complaint to the Chief Minister, Chief Secretary, and DVAC, the NGO highlighted that the State Environment Impact Assessment Authority (SEIAA) and CMDA provided environmental clearance and construction approval for specific survey numbers—453, 495/2c, 496, 497, and 498—which fall within the marshland boundaries. Arappor claims to have submitted a 213-page supporting document as evidence. According to the Ramsar site map and influence outlines provided by CMDA,…

Latest StoriesResidential

DRA Homes Buys 4.38 Acres in Chennai for ₹50 Crore

Representative image NEW DELHI: DRA Homes, based in Chennai, has purchased 4.38 acres of land in Chembarambakkam along the Chennai–Bengaluru Highway for ₹50 crore (inclusive of stamp duty). Ranjeeth Rathod, the company’s managing director, stated, “Our Gold-rated Green building will integrate smart design, flexible living options, and community-focused amenities to create homes that meet the needs of India’s new generation of mobile professionals and families.” The residential project is set to include nearly one million square feet of mid-segment homes along with managed residential services for short-term stays, with an estimated sales potential of ₹650 crore. Published On Oct 22,…