What Major Urban Housing Projects Has the Tamil Nadu Government Approved?
In an effort to fulfill the vision of providing safe and modern urban homes, Tamil Nadu Chief Minister C.Joseph Vijay has approved a project worth Rs. 1,401.75 crores for the construction of 6,157 multi-storey buildings across nine selected areas in Chennai through the Tamil Nadu Urban Habitat Development Board (TNUHDB). The project covers important areas such as Foreshore Estate, Old Block Vyasarpadi, and Pachaikkal Veerasamy Street, and not only provides important civic facilities but also improves the quality of life of EWS beneficiaries.
How Will Financial Relief and New Offices Support Homeowners?
To help settle the balances for payment under the hire purchase method, the government has come up with a unique scheme of waiving off interest for a year, which benefits 6,496 allottees of the Tamil Nadu Housing Board (TNHB). Through this program, those who qualify get full exemption from interest and capitalized interest, allowing them to receive their sale deeds easily. In addition to this, the government will use ₹2.14 crore to set up twelve Mini Taluk Offices in eight taluks in Chennai.
Summary
Tamil Nadu Chief Minister C Joseph Vijay has allotted Rs. 1401.75 crore for the construction of 6,157 multistoried apartments in nine sites of Chennai with the special interest waiver plan for 6,496 TNHB allottees.
