CREDAI discusses with CM Vijay issues concerning real estate sector in Tamil Nadu

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Mehul H. Doshi, president, CREDAI Chennai, said the delegation besides  emphasised the value  of strengthening nationalist   transport.

Mehul H. Doshi, president, CREDAI Chennai, said the delegation besides emphasised the value of strengthening nationalist transport. | Photo Credit: SPECIAL ARRANGEMENT

With Tamil Nadu’s existent property assemblage eyeing its adjacent signifier of expansion, a delegation from the Confederation of Real Estate Developers Associations of India (CREDAI) met Chief Minister C. Joseph Vijay connected Wednesday and discussed issues pertaining to the sector.

“Eliminating corruption volition importantly boost concern successful the State. We discussed respective issues concerning our industry, peculiarly delays successful approvals. Faster clearances done an effectual single-window strategy volition pb to quicker task execution and faster development. We besides discussed the city’s infrastructure needs and emphasised the value of strengthening nationalist transport connectivity to enactment aboriginal growth.” Mehul H. Doshi, President, CREDAI, Chennai, told The Hindu.

“We represented astir the Ramsar issue. We brought to the Chief Minister’s announcement that the one-kilometre power portion notification has affected astir 8,000 acres of patta onshore and much than 1.5 lakh patta holders. We requested his involution to resoluteness this issue,” said S. Sridharan, Executive Committee Member, CREDAI National. “Apart from onshore owners, including authorities departments, determination are galore radical who ain tiny onshore parcels of land, fractional a crushed /one ground, who are besides affected badly. They are incapable to get loans from banks. The nationalist successful these areas is not capable to unafraid loans for indispensable needs specified arsenic marriages and aesculapian expenses. The Chief Minister heard our concerns and instructed officials to instrumentality up the substance and resoluteness it astatine the earliest,” Mr. Sridharan added.

According to Credai Chennai, the existing Pallikaranai Marsh extortion model already provides biology safeguards for the halfway marsh area. However, the consequent Ramsar-linked regulatory framework, including the arbitrarily fixed 1 kilometre “influence area” presently nether situation earlier the High Court, has adversely impacted implicit 1 lakh patta landowners done readying paralysis, fiscal uncertainty, and terrible hardship to the communal antheral and wide public, including restrictions successful availing mean banking and fiscal facilities for idiosyncratic and household requirements. The said power country present runs done the mediate of the Chennai Metropolitan Area, including Velachery, Perungudi, important portions of OMR, Sholinganallur, Semmencherry and parts of aggregate Metro Rail corridors.

“Given the continuing uncertainty surrounding delineation, implementation and notification, we humbly petition the authorities to kindly see scrapping the contiguous Ramsar designation pertaining to Pallikaranai, peculiarly since the notification process has remained incomplete adjacent aft 4 years without finalisation done owed process,” a missive that was handed implicit to the Chief Minister said.

Credai members successful the missive said: “Alternatively, we respectfully petition the constitution of a high-level interdepartmental committee with representatives from each acrophobic departments to comprehensively analyse the contented and implicit the notification workout wrong a defined timeline of 30 days, portion protecting the morganatic interests of genuine landowners, homebuyers and planned municipality development.”

The existent property relation besides requested that each projects supra 1 lakh sq. ft. should beryllium brought nether the Guidance Tamil Nadu’s single-window level to guarantee seamless coordination and faster approvals crossed departments and agencies. As portion of improving easiness of doing concern and reducing support timelines, they requested the authorities to grow the scope of the self-certification and automatic gathering support strategy nether the single-window mechanism. At present, specified approvals are disposable lone for constricted built-up areas up to 3,500 sq. ft.

Published - June 04, 2026 12:40 americium IST

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