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Give details of Rs 1000 crore realty projects: Centre

Published: 05th July 2013 09:13 AM  |   Last Updated: 05th July 2013 09:13 AM   |  A+A-

The Union government has asked the State government to provide information about  housing projects with investments of Rs 1,000 crore or more, according to official sources.

Sources in Ministry of Housing and Urban Poverty Alleviation told Express that the Ministry had asked Tamil Nadu government to provide the details so that a nation-wide database can be prepared.

This comes in the wake of a new Cabinet Committee on Investment (CCI) being constituted to monitor fast track approvals or clearances with regard to large projects in infrastructure and manufacturing.

The sources said that the committee would  primarily focus on public, private and public private partnership having investments of Rs 1,000 crore or more that were pending on account of delay in clearances, approvals, linkages or land acquisition.

Interestingly, the Tamil Nadu Housing Board (TNHB) is developing over 5,922 houses at a cost of Rs 1,530 crore this year.

Besides, the Tamil Nadu Slum Clearance Board (TNSCB) is set to complete the on-going construction of over 18,055 tenements and start work on 12,845 more units at a cost of Rs 1,936 crore.

In the last two years, the government has allocated a total of `1,000 crore under the Chennai Mega City Development Mission and Rs 1,500 crore under the Integrated Urban Development Mission for infrastructure.

It is believed that during the next three years, both the State-run agencies would take up construction of over 50,000 houses by dovetailing funds from a number of schemes to address the housing requirements of the low income group and the economically weaker section.



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