Tag: Trichy

Latest StoriesResidential

Trichy’s Luxury Flats See High Demand From Buyers

TRICHY: With rising calls to designate Trichy as the state’s second capital, residential flat prices in key locations have surged, often exceeding those in parts of Chennai. Land prices have increased nearly 25% in the last two years, with premium flats now starting at over Rs 1.5 crore. Developers report sustained interest from buyers in high-end apartments, featuring larger floor plans and modern amenities, driven by improvements in the city’s infrastructure. Real estate professionals attribute the sharp rise in land prices to significant investments in public infrastructure, such as Tidel Park and industrial estates, as well as airport expansion and…

CommercialLatest Stories

Tidel Park Project Launching in Panjapur, Trichy

TRICHY: Tidel Park Limited, a state-owned enterprise, has established a special purpose vehicle (SPV) in collaboration with the Trichy corporation to develop office facilities for private IT and ITES firms in Panjapur. The corporation has leased approximately 14.1 acres of land adjacent to Panjapur KKBT to the SPV for a duration of 45 years, with the option for extension. In exchange for the land lease rights, the corporation has been allocated equity stakes worth ₹23.7 crore, with the total land value estimated at ₹47.5 crore. Sources indicate that the overall project cost will be around ₹462.5 crore, which includes the…

IndustryLatest Stories

Notices Sent to 170 Trichy Site Owners for Poor Upkeep

Representative Image TRICHY: The Trichy corporation has initiated a campaign to identify neglected vacant plots in residential areas and locate property owners to issue notices according to the Tamil Nadu Public Health Act of 1939. So far, the local authority has sent out 170 notices, urging property owners to remove overgrown weeds and level their land to prevent water stagnation during the monsoon. Due to a lack of regular maintenance, shrubs often conceal these properties, and neighbors frequently use the abandoned sites as dumping grounds. Residents and large waste generators are also reported to use vacant lots along major roads…

InfrastructureLatest Stories

Trichy’s Woes: Construction, Demolition, and Emissions

Representative AI image TRICHY: Trichy has achieved the ninth position in the National Clean Air Programme (NCAP) by the Ministry of Environment, Forest, and Climate Change (MoEFCC), leading the state. However, despite focused efforts to tackle air pollution, the city is yet to enter the top five nationally. The lack of a robust system to manage pollution from construction and demolition (C&D) sites, the absence of a C&D waste recycling facility, and emissions from non-compliant vehicles are significant barriers to progress. As commercial and residential projects rise across the city, older buildings are being demolished to create new space. The…

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…

Latest StoriesRegulatory

Trichy Civic Body Increases Water, UGD Fees by Property Size

TRICHY: The Trichy corporation has updated its drinking water charges and underground drainage (UGD) user fees for households, now introducing costs based on the built-up area of residential properties. Monthly fees have risen by Rs20 to Rs40 per connection, causing concerns among residents who worry this might lead to increased monthly rents. Previously, the standard rate for drinking water was Rs180 per month per connection. With new byelaws approved by the Trichy corporation council, starting April 1, households can expect to pay between Rs180 and Rs360 monthly per connection (for up to 16 KL of water), depending on property size.…

CommercialLatest Stories

Trichy Civic Body Faces ₹121 Crore Deficit from Vacant Spaces

TRICHY: The Trichy City Corporation is facing a significant funding crisis, raising alarms among councillors about the timely implementation of developmental initiatives as the assembly elections approach. Several commercial complexes established under the Smart Cities Mission are either vacant or incomplete, leading to considerable revenue losses for the corporation. There are at least 58 shops in three Corporation-owned complexes that have remained empty for three years, with the potential to generate over 2 crore in annual rental income if fully occupied. For the financial year 2025-26, the corporation anticipates revenues of 579 crore against expenditures of 700 crore, resulting in…