In a significant move aimed at revitalizing the real estate sector, the Tamil Nadu government has announced plans to simplify building norms and amend the Town and Country Planning Act of 1971. This initiative is expected to provide much-needed relief to developers, facilitating smoother project approvals and construction processes.
Easing Regulations for Builders
At the recent Statecon 2021 event organized by CREDAI (Tamil Nadu), Chief Minister MK Stalin emphasized the government’s commitment to easing the building laws. Key among the proposed changes is the introduction of a single-window system for planning permissions, which will streamline the approval process, ensuring that permits are granted within a 60-day timeframe. Furthermore, the government is considering allowing self-attestation for development permits, which will expedite the approval process and reduce bureaucratic delays.
This proactive approach is aligned with the state’s ambitious target of becoming slum-free by 2031. To achieve this goal, the government plans to construct over nine lakh homes for low-income families in the next decade. As part of this initiative, the Union government has already approved the construction of 6.2 lakh homes at a cost of ₹31,179 crore.
Public-Private Partnerships and Infrastructure Development
In addition to easing building norms, the Tamil Nadu government is exploring Public-Private Partnerships (PPP) to redevelop old Tamil Nadu Housing Board dwellings. This collaborative approach aims to enhance the quality of housing available to residents and boost the overall living standards in the state.
S Krishnan, the industries secretary, also revealed that new norms for Manufactured Sand (M-Sand) and mining are in the pipeline. These regulations are expected to support construction activities, ensuring a steady supply of materials necessary for ongoing and future projects.
Major Infrastructure Projects on the Horizon
The government has outlined plans for several major infrastructure projects, including the development of a mega industrial estate at Pattinapakkam. Additionally, efforts are underway to redevelop the Koyambedu Wholesale Market Complex, along with the mofussil bus terminals at Kilambakkam and Kuthambakkam in Chennai. These initiatives are aimed at enhancing urban infrastructure, promoting economic growth, and providing better services to residents.
A Vision for Sustainable Development
The simplification of building norms and the introduction of a single-window system are pivotal steps toward fostering a more conducive environment for real estate development in Tamil Nadu. By streamlining processes and encouraging private investment, the government aims to create a sustainable and vibrant urban landscape that can accommodate the growing population and its needs.
This strategic shift reflects the Tamil Nadu government’s commitment to not only addressing the immediate needs of the housing sector but also laying the groundwork for long-term economic and social development. With these reforms, Tamil Nadu is poised to enhance its real estate market and improve the living conditions for its residents, making it a more attractive destination for both developers and homebuyers alike.
In conclusion, the proposed changes to building norms and the establishment of a single-window system mark a turning point for the Tamil Nadu real estate sector. As the government moves forward with these initiatives, residents and developers can look forward to a more efficient, transparent, and supportive environment for construction and urban development.
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