Monday , 23 December 2024
Home News Chennai Metropolitan Development Authority Plans 330 Acres Land Acquisition for Thirumazhisai Development
NewsReal Estate

Chennai Metropolitan Development Authority Plans 330 Acres Land Acquisition for Thirumazhisai Development

Image for representation purposes only; no ownership rights are held.

The Chennai Metropolitan Development Authority (CMDA) has proposed acquiring 330 acres under the Land Pooling Area Development Scheme (LPADS) to develop a loop road in Thirumazhisai New Town. The project aims to enhance infrastructure and connectivity in the region, with CMDA seeking the state government’s approval for the plan.

This initiative is part of a broader strategy to use land-pooling mechanisms to foster the development of satellite towns across Tamil Nadu, including Thirumazhisai, Chengalpattu, Minjur, Kancheepuram, Thiruvallur, and Mamallapuram. The goal is to develop these areas into sustainable urban hubs that support both residential and commercial growth.

The proposed loop road project is located near the Kuthambakkam Mofussil Bus Terminus, adjacent to the Thiruvallur High Road, an area currently surrounded by residential properties, institutions, and vacant land. This strategic location positions Thirumazhisai as an emerging hub for development, with the road set to improve connectivity between key areas in the region.

In addition to the loop road, the satellite township’s development will focus on zoning for research and development purposes. This is part of an effort to transform Thirumazhisai into an innovation hub for Chennai, supported by an allocation of Rs 8,000 crore from the 15th Finance Commission. The development plan includes creating modern infrastructure, improving residential amenities, and offering business opportunities, making it a focal point for future growth.

Feedback Infra Private Limited has been tasked with creating a comprehensive 20-year roadmap for Thirumazhisai New Town, which will guide the area’s growth in alignment with the state’s vision for satellite townships. The government aims to use the land pooling mechanism to facilitate large-scale infrastructure projects, enabling more efficient land use and development.

LPADS allows for the pooling of land parcels from individual or group owners, which are then developed by planning authorities. The landowners receive a portion of the developed land, while the rest is used for public amenities or sold for funding further development.

This ambitious plan marks an important step in the state’s efforts to manage urban growth, improve infrastructure, and create innovation-driven spaces that will support Chennai’s long-term development.

Bookmark (0)
Please login to bookmarkClose

No account yet? Register

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Minister Thangam Thennarasu Urges GST Exemption on Commercial Rents to Ease Business Burden

Tamil Nadu Finance Minister Thangam Thennarasu recently emphasized the need for GST...

DGTR Initiates Probe on Steel Safeguard Duty; Shares of Metal Companies Rise

Shares of metal companies, particularly steelmakers, witnessed gains in early trade as...

CREDAI Urges Govt to Drop 18% GST on FSI Charges, Citing Housing Price Hike Risks

The Confederation of Real Estate Developers’ Associations of India (CREDAI) has called...