Chennai zone accounts for 41% of TN's land registration revenue in April

05 May 2021 CW Team

Property registrations in the Chennai zone, which includes the city, Chengalpet, Kancheepuram, and Tiruvallur districts, have rebounded after a steep drop last year, accounting for 41 per cent of the state's total registration revenue in April.

In April, land registrations in Tamil Nadu generated Rs 1,070 crore in revenue, with the city and its environs accounting for Rs 445 crore. Due to the negative impact on the real estate sector following the outbreak of the COVID-19 pandemic, which continues to rage, the contribution of the four districts decreased significantly to 21 per cent last fiscal year. Registrations have brought in over Rs 1,000 crore every month since February this year, according to department data. The Chennai zone topped the state in April with Rs 445 crore, followed by the Coimbatore zone with Rs 175 crore. The total number of documents registered in April was 2.3 lakh, up 30,000 from the monthly average of 2 lakh. The Chennai zone's contribution to the number of documents registered was also similar to pre-COVID levels, at around 45 per cent of the state's total.

After the Tamil Nadu state assembly elections on April 6, property registrations increased in the second week of April.

Image Source

Also read: Why housing went through the roof during Covid: Care Ratings

Also read: Pune, MMR, B’luru top cities for property investment: Report

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..