Model town scheme: Tamil Nadu to explore land pooling system
Real Estate

Model town scheme: Tamil Nadu to explore land pooling system

The Dravida Munnetra Kazhagam (DMK) government looks at the future satellite towns as integrated growth hubs. It is expected that the state would explore the land pooling scheme, which consists of property owners as stakeholders rather than outright purchase.

The step would help return a part of the developed properties in new satellite towns to the stakeholders.

The planning of Model towns is done on 800 acres of Agaramthen village close to Tambaram in the Southern suburbs of Chennai. The government intends to set up model satellite towns at Coimbatore, Tirunelveli, Trichy as well.

However, the first project can take place in Agaramthen under the land pooling scheme. However, the draft rules for the land policy have not been published yet after the release last year.

According to the officials, the landowners who give their land for the project would be made part of the project, and they would get back a part of their land as developed properties in the township.

Moreover, outright acquisition of lands is no longer an option as it requires payment of 2.5 times the market value of the land as compensation.

Further, a few land parcels acquired for satellite town and housing plot projects in the past, including one at Thirumazhisai, are mired in legal action even though they were acquired decades ago.

According to the real estate sector specialists, the land pooling scheme works on the idea of the joint venture for housing projects.

The Tamil Nadu Town and Country Planning Act, 1971, was revised to launch the land pooling scheme to acquire land for housing and additional infrastructure projects in 2018, followed by draft rules for the scheme that targets improving public participation, released in February 2020.

Image Source


Also read: Trichy Municipal Corporation begins process for area expansion

The Dravida Munnetra Kazhagam (DMK) government looks at the future satellite towns as integrated growth hubs. It is expected that the state would explore the land pooling scheme, which consists of property owners as stakeholders rather than outright purchase. The step would help return a part of the developed properties in new satellite towns to the stakeholders. The planning of Model towns is done on 800 acres of Agaramthen village close to Tambaram in the Southern suburbs of Chennai. The government intends to set up model satellite towns at Coimbatore, Tirunelveli, Trichy as well. However, the first project can take place in Agaramthen under the land pooling scheme. However, the draft rules for the land policy have not been published yet after the release last year. According to the officials, the landowners who give their land for the project would be made part of the project, and they would get back a part of their land as developed properties in the township. Moreover, outright acquisition of lands is no longer an option as it requires payment of 2.5 times the market value of the land as compensation. Further, a few land parcels acquired for satellite town and housing plot projects in the past, including one at Thirumazhisai, are mired in legal action even though they were acquired decades ago. According to the real estate sector specialists, the land pooling scheme works on the idea of the joint venture for housing projects. The Tamil Nadu Town and Country Planning Act, 1971, was revised to launch the land pooling scheme to acquire land for housing and additional infrastructure projects in 2018, followed by draft rules for the scheme that targets improving public participation, released in February 2020. Image SourceAlso read: Trichy Municipal Corporation begins process for area expansion

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement