Tag: Tamil Nadu

Latest StoriesResidential

Tamil Nadu Eases Parking Rules for Large Homes; FSI Increase Ahead

Representative image CHENNAI: If you’re planning to construct a new home, you’ll now need less space for parking thanks to the recent amendment to the Tamil Nadu Combined Development and Building Rules, 2019. This update reduces parking requirements for new large residential buildings. The amendment, issued on October 10, mandates that homes on plots of 3,200 square feet (300 square meters) or larger must allocate parking space for at least four cars and four two-wheelers. This policy applies to all residential building approvals within corporations, municipalities, and town panchayats. For smaller plots, the previous regulations remain in effect—requiring space for…

CommercialLatest Stories

₹1.2 Crore Allocated for Thiruverumbur SIPCOT Development

Representative AI image TRICHY: The Tamil Nadu government has earmarked Rs 1.2 crore for the development of roads and water infrastructure at the Thiruverumbur Sipcot industrial park, marking Trichy’s second dedicated industrial area following Manapparai Sipcot. The district administration has selected a 125-acre site near the Trichy Semi-ring Road for the initiative. Sipcot, in collaboration with Guidance TN, the state’s investment promotion agency, intends to allocate the entire park to a key investor in the electronics sector. This development will take place in the Elandapatti and Suriyur villages, adjacent to the Olympic Training Academy. The land was repurposed from the…

InfrastructureLatest Stories

Chennai’s Third Master Plan: Housing, Transport, Environment Unite

CHENNAI: The third master plan for Chennai has been created by integrating over 25 studies focused on economic development, urban housing, transportation, environmental sustainability, and technology, according to Anshul Mishra, additional director of AIIMS and former CMDA member-secretary. Speaking at the inaugural session of the Tamil Nadu Land Use 2025 conference organized by the state planning commission, Mishra emphasized that master plans should encompass more than just land use. They need to include an economic strategy, identify industrial clusters, and consider labor markets. He highlighted the importance of incorporating transit-oriented development for jobs and housing along metro lines, roadways, and…

Latest StoriesRegulatory

SC Rejects ED Appeal in Tamil Nadu Sand Mining Case

CHENNAI: The Supreme Court has affirmed a ruling by the Madras High Court that dismissed the Enforcement Directorate’s (ED) investigation into an alleged multi-crore sand mining scam in Tamil Nadu, including the seizure of various properties linked to miners and their associates as proceeds of crime. A division bench consisting of Justice Dipankar Datta and Justice Augustine George Masih rejected the ED’s appeal against the high court’s decision from July 16, 2024. According to the High Court’s division bench, the central issue was not whether illegal sand mining was occurring in Tamil Nadu, but whether the ED could act under…

IndustryLatest Stories

TN CM Calls for Priority on Patta, Tax, Water Petitions

CHENNAI: On Friday, Chief Minister M.K. Stalin instructed officials to give priority to petitions concerning patta transfers, property tax, drinking water connections, changes to ration card addresses, and grievances from farmers while inspecting an Ungaludan Stalin camp in T Nagar. During his visit to the grievance redressal camp in Ward 133, Stalin emphasized the need to address requests from individuals with disabilities carefully and ensure timely resolution of petitions under the Kalaignar Magalir Urimai Thittam. He directed officials to accept applications even from residents arriving after official hours and to ensure they are processed promptly. In reviewing the camp’s operations,…

CommercialLatest Stories

Tamil Nadu to Launch Special Vehicle for Co-Working Space

CHENNAI: With the planned expansion of co-working spaces throughout the city as part of the chief minister’s project, the state government has established a special purpose vehicle (SPV) and a private company led by a CEO to oversee these spaces. The SPV will operate independently from the government to facilitate the day-to-day management of the co-working facilities. Participants in the meeting—including officials from CMDA, special projects, and the urban development department—indicated that the chief minister aims for all 30 proposed centers to function seamlessly, regardless of changes in government or departmental leadership. Currently, the only co-working center in Kolathur is…

Latest StoriesRera

20% Extra Deposit for Project Registration Extension: TN RERA

CHENNAI: To protect homebuyers and minimize project delays, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has mandated that developers seeking project registration extensions beyond one year must deposit an additional 20% of the amounts collected from allottees into the designated project account. This directive is issued under Section 7(3) of the RERA Act, 2016, allowing TNRERA to establish terms in favor of homebuyers rather than outright cancellation of project registrations. Officials state this measure ensures that funds collected from buyers are used for construction rather than diverted elsewhere. TNRERA noted that many project delays are due to insufficient funds…

Latest StoriesRegulatory

Tamil Nadu revises property valuation methods

CHENNAI: To improve transparency and fairness in property transactions, the state government has revised the stamp rule framework, introducing the concept of “composite value” for apartments and flats while allowing more flexible guideline value revisions. The new regulations, which take effect from June 23, represent a significant change in property valuation practices in Tamil Nadu. The reforms enable the valuation committee to update guideline values at any time during the year, rather than being restricted to a specific month. “Previously, revisions were limited to October. If a decision was made in April to adjust values, we had to wait. Now,…

IndustryLatest Stories

KSH Infra to spend ₹550 crore on Tamil Nadu logistics park

Representative Image KSH Infra, a developer of warehousing and logistics parks, plans to invest over ₹550 crore to establish its second industrial and logistics (I&L) park in Tamil Nadu, bringing its total investment in the state beyond ₹1,000 crore. Last year, the company entered the southern market with an investment exceeding ₹450 crore to develop its first park on a 50-acre site in Hosur. The new warehousing facility, covering 60 acres, will be located in the Sriperumbudur-Oragadam corridor, with a development potential of 1.6 million sq ft, complementing the 1.25 million sq ft at the Hosur park. “Our vision at…

Latest StoriesRera

Tamil Nadu RERA Bans Flashy Real Estate Ads with New Rules

CHENNAI: Real estate listings claiming plots and homes just three kilometers from Kilambakkam and two kilometers from GST Road, complete with numerous amenities, have saturated social media and highway advertisements. However, following a recent decree from TNRERA (Tamil Nadu Real Estate Regulatory Authority), builders with vague or misleading advertisements may soon face penalties. With this initiative, TNRERA has delivered a clear message to the real estate sector: deceptive advertising practices will no longer be tolerated. The era of unchecked promotional tactics is coming to an end, granting buyers the transparency they deserve. TNRERA now requires that all real estate advertisements—whether…