TN govt announces satellite township in Madurai, new 4500 houses in other districts
In order to meet the housing needs of the state, the Tamil Nadu government on 4 March announced couple of major projects including a satellite township on the outskirts of Madurai costing of Rs 120
Tamil Nadu state allocates Rs 900 cr for infrastructure projects
The Tamil Nadu government on Wednesday allocated over Rs 900 crore for various infrastructure projects in different parts of the state.
Tamil Nadu to construct 121 bridges in 27 districts
Tamil Nadu government proposed to construct as many as 121 bridges at a cost of Rs 235 crore to link various parts of the state and help ensure movement of people and goods. The chief minister J Jayalalithaa stated that the bridges would be constructed in 27 districts.
Tamil Nadu Govt allocates Rs 2,262 cr to improve roads in the state
Tamil Nadu Government has set aside Rs 2,262 crore to improve road infrastructure during the current financial year. A lot of importance is also being given to expand State highways.
Federation of Flat and Housing Promoters Association wants cut in stamp duty, faster approvals for projects
The Federation of Flat and Housing Promoters Association has asked the Tamil Nadu government to cut stamp duty and to ensure faster approvals to ease the pressure on the real estate industry. The sector is hit by rising construction material costs.
TN sanctions Rs 2,262 crore for road projects
The Tamil Nadu government has allocated Rs 2,262.50 crore for various road projects. The funds will be utilised for several projects, including the upgrade of state highway into two-way lanes, road development works and construction of small bridges.
Tamil Nadu to provide legal nod to unauthorized residential layouts
The Tamil Nadu government is expected to provide a one-time relief to unauthorized residential layouts in the state in the next three months through a regularisation scheme.
Ascendas India looks at expanding realty portfolio with township projects
Eying increasing opportunity in township development with the entire gamut of industrial, office, residential and social infrastructure, Ascendas India is in the process of diversifying its real estate portfolio with integrated township projects. The real estate developer is setting up an 1,500 acre industrial township near Chennai.
Madras HC gives green signal to Kudankulam power project
The Madras High Court has given its nod to the Kudankulam Nuclear Power Project (KNPP), clearing the decks for the fuel loading and commissioning of unit 1 of the Indo-Russian project.
TN to seek approval to float tenders for monorail project
The Tamil Nadu Municipal Corporation will seek approval from the elected council for the Monorail transport corridor in Coimbatore to float tenders for appointing consultants to prepare a detailed Project Report pertaining to feasibility.
Reliance Infrastructure plans to raise Rs 20,000 crore by this year end
Reliance Infrastructure (R-Infra), a part of the Anil Dhirubhai Ambani Group is setting up eleven road segments with a total length of 968 km, costing Rs 11,700 crore, as part of its ambition to raise Rs 20,000 crore by the end of this financial year.
Techno Electric & Engineering posts Rs 17.78 crore profit in Q1
Techno Electric & Engineering Co Ltd on Monday posted a net profit of Rs 17.78 crore in the April-June quarter against Rs 22.33 crore in the corresponding quarter last year.
Tamil Nadu gets ADB’s support to upgrade tourism infrastructure
Tamil Nadu is among the four states selected by ADB for the Infrastructure Development Investment Programme for Tourism. The Tamil Nadu tourism department is implementing a Rs 450-crore project).
Tamil Nadu Housing Board for increased housing supply
The public sector housing provider, Tamil Nadu Housing Board has plans to call for joint ventures (JV) and re-development of housing board units to increase housing supply within Chennai and major towns and cities.
Realty developers banned near Chennai bird sanctuaries
The Chennai forest department has declared areas around three sanctuaries — Vedanthangal, Karikili and Pulicat, as no-go zones for real estate developers and banned any kind of real estate ventures in and around these areas.