Chennai
The economically weaker sections and middle-income groups (MIGs) can heave a sigh of relief with the proposed mega township project coming up in Thirumazhisai on the Chennai-Bangalore highway.
Chief Minister J Jayalalithaa has recently announced several housing projects to enable the residents of the city to own houses at affordable prices. The highlight of the projects is a proposed satellite township which is to be built at a cost of Rs 2,160 crore near the city, besides construction of flats near Ashok Pillar and Koyambedu and a 17-storey mega office complex at Nandanam, all at an estimated cost of Rs 349 crore.
The satellite township to be set up in Thirumazhisai will bring together the villages of Chembarambakkam, Kuthambakkam, Parvatharajapuram, Narasingapuram and Vellavedu as well as 311.05 acres of land belonging to the Tamil Nadu Housing Board. The government has already acquired some land but an approach road to the township would be laid in 12.87 acres of land currently owned by private parties.
The government is planning to build 18,000 multi-storey apartments in the EWS and MIG categories. It has already appointed advisors to analyse the facts and figures and the type of development that would be needed taking into account the housing shortage in the city. A feasibility study will be done and a report will be submitted to the government. The government is serious to go ahead with the scheme as official announcement has already been made, say official sources.
The government is also seriously considering development of the mega township project through PPP model for all categories of people. This will also benefit the blue collared workers in the industrial corridors of Irungattukotai and electronic hardware corridor who are now commuting from places like Kancheepuram. As of now, private developers are catering to the housing demand in the area but still the supply is felt inadequate considering the surge in demand in and around the area. Besides the private sector development is becoming unaffordable for the workers employed in the area.
In a related development, action is being taken to demolish the existing old dilapidated commercial complexes, Office complexes and Community Halls located in six places in Chennai city and reconstruct the same with more FSI at an approximate cost of Rs.13.90 crores and thus realise more revenue to Tamil Nadu Housing Board.
V Nagarajan, Property Consultant
Source: http://content.magicbricks.com/thirumazhisai-a-mega-township-in-the-offing
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