Redevelopment of existing complexes planned
CHENNAI: The Tamil Nadu Housing Board has proposed construction of multi-storeyed apartments in Todhunter Nagar and Foreshore Estate, Chennai, replacing existing government rental quarters, Minister for Housing and Slum Clearance Suba. Thangavelan said here on Friday.
There are 686 flats in Todhunter Nagar and 1,284 in Foreshore Estate. About 150 flats in the latter have been declared unfit for occupation, Mr. Thangavelan said, addressing his maiden press conference at the Board's headquarters here.
The proposal was mooted in view of the growing demand for housing. As the Board found it difficult to acquire new land, it decided to develop existing property to meet the demand.
Residents would be shifted to the new apartments once these were ready. They would have to look for alternative accommodation until then, he said. "We have held talks with them and sought their willingness."
Asked how the Board would fund its projects, the Minister said the Housing and Urban Development Corporation's assistance would be sought. He said after the Dravida Munnetra Kazhagam Government took over in May, it directed the Board to recover its lands that had been encroached upon. In the last six months, a total of 15 acres were recovered in Anna Nagar and Valasaravakkam in Chennai, and Vellore. Sale deeds were issued to 18,632 allottees.
In the coming financial year, the Board proposed to develop 4,718 plots and build 1,091 multi-storeyed apartments on 1,128 acres at a cost of Rs.188.75 crore.
In three years, the Board would execute projects involving a cost of Rs.292 crore every year.
About 15,000 plots and 6,000 flats would be covered, the Minister said. The Board would also launch its website shortly, he added.