The Tamil Nadu government plans to develop a satellite township at Thirumazhisai, a town in Thiruvallur district, at a cost of Rs 2,160 crore, chief minister J Jayalalithaa said in the state Assembly.
The Tamil Nadu Housing Board would build the township on a 311.05 acre site at Thirumazhisai, on the Chennai-Bangalore national highway integrating Chembarambakkam, Kuthambakkam, Parvatharajapuram, Narasingapuram and Vellavedu villages.
It would build around 12,000 apartments in the township, which would be sold to economically weaker sections and middle income group people at affordable rates, said Jayalalithaa in a statement in the assembly. The government would acquire around 12.87 acres of land from the owners after consultations for developing link roads to the township.
The township, which would have basic facilities including drinking water, drainage, rain water harvesting, street lights, community hall, schools, hospital, bus stand, park and playground, is expected to benefit the people across all the sections and would support the fast growth of Chennai city in the backdrop of increasing real estate prices.
The Chief Minister also announced two new housing projects, a 554-housing units project in 3.73 acre area at Ashok Nagar at a cost of Rs 100 crore and another project with 120 housing units at a cost of Rs 33 crore in 1.44 lakh sft in Koyambedu. The Koyambedu housing unit would be built along with a Rs 116 crore- commercial complex project, which would come up in an area of 4.66 lakh sft.
The government is also planning to launch a Green Office Complex at a project cost of Rs 100 crore in 15.78 acre land in Nandanam, in Chennai city. The land currently belongs to the Tamil Nadu Slum Clearance Board and the revenue from the office complex would be used for maintenance of housing apartments developed by the board, she added.
The housing projects would be executed by the Tamilnadu Housing Board. The government is also increasing quota for differently-abled people for allotment of plots, houses and apartments to be built by the board, from the current one per cent to three percent, as the board is celebrating its golden jubilee, this year.
