Tamil Nadu govt to build 960 houses for Singanallur housing owners

24 Dec 2021 CW Team

Housing Minister S Muthusamy told the media that the state government would construct 960 houses for the Singanallur housing unit flats' owner via a joint venture with a builder.

After a meeting on Sunday with the Singanallur housing board apartment owners in the city, Muthusamy told the media that the new flats would be stronger, spacious and better than the existing ones. The current housing unit lacks certain facilities. They have discussed rendering a lot more facilities in the new housing unit, he said.

Muthusamy told the media that the 960 homes were constructed over 35 years ago. Over the years the building got damaged, and the structure was weakened so much that the citizens could no longer live there. The owners of the housing units have been urging the government to redevelop the housing unit.

Remembering that former DMK minister Pongalur N Palaniswamy, as well as party’s former SInganallur MLA N Karthik, had raised the matter several times, Muthusamy said that when chief minister M K Stalin discovered about the difficulty of the housing board residents, he ordered the minister to fix the problem. They held talks with the owners and made a decision.

A 22-member committee including representatives from the flat owners has been created for the objective. All decisions about the development will be taken only after discussion with the committee. Details like the complete area of the planned residential unit, area of each flat and number of floors in the building are yet to be worked out.

While the state government has planned to spend approximately Rs 90 crore initially, the builder would be pumping in a portion of the amount needed for construction. In return, the builder would be provided with a particular number of apartments, which they could sell and recover the money invested.

Image Source

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..