TN Housing board to prioritise redevelopment over new projects

09 Mar 2022 CW Team

The Tamil Nadu Housing Board (TNHB) will prioritise the redevelopment of complexes it built three decades ago over finding new land for new projects. It will look into the possibility of establishing new townships through land pooling.

Because of the prohibitive cost, TNHB has only acquired a few land parcels in the last decade. As a result, it proposes to take advantage of the available land by enlisting the help of landowners to redevelop dilapidated TNHB colonies.

The Minister was speaking at Confederation of Real Estate Developers' Associations of India’s (CREDAI) Fairpro property expo, where a new insurance scheme covering over one lakh construction workers and the real estate vision 2030 were unveiled.

He told the media that redevelopment would require the cooperation of existing owners and that the TNHB would hold talks with them.

He further said that the expansion of the Chennai metropolitan area would be carried out in stages.The initial expansion will be less robust than anticipated. In another month, the expansion process should be completed.

The minister said 55 acres of grazing land at Bethel Nagar in Injambakkam could be used to provide alternative housing for encroachers evicted from 164 acres of wetland at Injambakkam due to court orders.

TNHB has the unique ability to create very large neighbourhood schemes, each of which is a self-contained neighbourhood in its own right.

Tamil Nadu Housing Board is one of India's largest institutions, catering to the shelter needs of various income groups. It was a pioneer in developing very large neighbourhood schemes.

Image Source

Also read: Tamil Nadu sets up committee to probe Smart City works: KN Nehru

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..