Hon’ble Chief Minister M K Stalin Unveils CREDAI Chennai’s Vision Document “Tamil Nadu Real Estate Vision 2030 “
~ Chief Minister calls out to CREDAI to play active part in housing, commercial spaces and affordable housing segment ~
Chennai, February 18, 2023 : Hon’ble Chief Minister of Tamil Nadu Thiru. M K Stalin on Saturday released the Ta mil Nadu Real Estate Vision 2030, a comprehensive report on the sector prepared by CREDAI Chennai at FAIRP RO 2023’ – The 15th edition of South India’s Largest property expo and the annual flagship property of CREDAI Chennai. Thiru Thangam Thennarasu, Hon’ble Minister for Industries, Tamil Official Language and Tamil Culture, Archeology, Government of Tamil Nadu, Ms. Apoorva, Principal Secretary, Housing and Urban Development Dep artment, Government of Tamil Nadu, Mr. Suresh Krishn, president, President, CREDAI Tamil Nadu, S Sivaguruna than, president, CREDAI Chennai, P Kruthivas, convener, FAIRPRO 2023 and Secretary CREDAI CHENNAI, Mr R Radhakrishna, CGM, SBI, and Mr Mohamed Ali, President – Elect, CREDAI Chennai were present on the occasio n.
The report, done along with Savills, has provided recommendations to the State government on different secto rs like setting up of Mega Food Park, agro-processing cluster, the establishment of media city, promotion of ga mi ng industry, the establishment of Marine park, more amusement parks and other tourism initiatives, phar mace utical parks, BFSI hub, affordable housing – rental and specialised segment, labour focussed housing, redevelop ment of government assets etc.
Hon’ble Chief Minister of Tamil Nadu M K Stalin lauded CREDAI Chennai for coming out with the report. “This go vernment is working with a sense of commitment to provide housing for every family living in Tamil Nadu. So I co nsider it a privilege to be a part of this important event in this vital sector,” he said.
Hon’ble Chief Minister explained further that the increasing population, new industries setting base in Chennai, etc, has spiked the demand for houses and land parcels for companies to operate. “Therefore, as the Chief Minis ter of Tamil Nadu, I request that CREDAI Chennai to shoulder the major responsibility of building and providing houses and commercial spaces accordingly,” he added.
Highlighting CREDAI Chennai’s request to the hon’ble Chief minister to increase the Floor Space Index for narro w roads, Thiru M K Stalin said that the Government will give due consideration to this request and announce a fa vorable decision.
The hon’ble Chief minister also said, “By increasing the FSI affordable housing can be provided to benefit the po or. Therefore, I request the CREDAI Chennai members to take advantage of this and come forward to provide af fordable housing.”
Mr. S Sivagurunathan, President, CREDAI Chennai, said, “The Tamil Nadu Real Estate Vision 2030 will enable the state government’s vision to make Tamil Nadu an ideal destination for investment. The Real Estate sector has co ntributed 23 percent to the state’s GDP with CREDAI Chennai holding 82.6% of the market share in terms of uni ts”
Mr. P. Kruthivas, Secretary, CREDAI Chennai and Convenor, FAIRPRO 2023, thanked the Hon’ble Chief Minister for bringing reforms in the housing and urban development department and expansion of Chennai city. “The onli ne system and simplifying layout approval process is a huge relief for the developer’s community,” he said.
Mr. Suresh Krishn, president, CREDAI Tamil Nadu said that it is a golden period for the real estate sector as the present government has introduced various measures like power delegation, online plan approvals, creation of master plans for all urban areas in the state.
“We would request the government to introduce the single window system to facilitate building approvals wit hin 60 days, increasing FSI and reduction of registration charges. This will boost the real estate sector in the st ate and thereby generate employment opportunities and income for the state,” he said.
