TNHB : Redevelopment Programme Gained Momentum


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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