The redevelopment
exercise has gained momentum with the Tamil Nadu Housing Board (TNHB ) gearing
up to develop 15 projects across the Chennai city in areas like Mandaveli, CIT
Nagar in Nandanam, Anna Nagar and a few other areas.
PPP Model..!
Bids have been
invited to build the housing projects on PPP (Private Public Partnership) model
and there has, so far, been an encouraging response from the private
developers.
In a related
development, those who own lands bought earlier through TNHB allotment, are
also keen to tie up with the TNHB for joint venture development.
According to an
official sources, an announcement in this regard drew encouraging response from
the plot owners.
TNHB apartment
owners' association..!
This is apart from
the private sector development across the Chennai city, where developers /
promoters have tied up with TNHB apartment owners' association at strategic
locations.
As the housing board
has spent for infrastructure earlier, they are now charging for enhanced area
development by way of premium FSI (Floor Space Index) to issue no-objection
certificate.
Coimbatore..!
A similar exercise would be carried out in
Coimbatore in areas like Kaundampalayam, Uppilipalayam & Singanallur where
TNHB colonies including rental housing schemes are in place. An estimated 200
flats would be developed on PPP model.
Though no development
is proposed in Madurai as of now, a study is being initiated to ascertain the
condition of the existing TNHB buildings, age and current development control
norms to explore utilising the additional FSI.
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