34 project tenders issued in Chennai in 3 months

20 Jun 2023 CW Team

It is further mentioned that the Chennai Metropolitan Development Authority (CMDA) will soon invite tenders for 34 projects that were announced in the assembly. The Sekar Babu, CMDA Minister, had made 50 announcements for CMDA for the financial year 2023-2024, costing approximately 4 million. Out of these announcements, 34 projects are related to the development of 26 legislative constituencies within the Chennai Metropolitan Area, with an estimated cost of Rs 2.3 billion. Since the announcement was made, the minister and CMDA officials have been conducting review meetings and field inspections at the proposed project sites.

Babu, along with Udhayanidhi Stalin, Minister for Youth Welfare and Sports Development, inspected the location for the construction of an elevator at the Anna Salai – Dams Road and GP Road junction. The estimated cost for this project is 150 million. They also examined the renovation of May Day Park in Chintadripet, which is expected to cost Rs 50 million. Babu stated that tenders for these projects would be called within the next three months, ensuring that work commences on most of the projects. He added that the Chief Minister is closely monitoring the progress, and he himself is conducting regular review meetings. Babu believes that the beach development projects, improvement of playgrounds and parks, dialysis centres, foot over bridges, and other initiatives will significantly transform the city's appearance.

Meanwhile, CMDA officials expressed their belief that this infrastructure upgrade will greatly benefit the city. They stated that it would change the city's image and provide youngsters with access to playgrounds, which are currently scarce. The improved facilities in parks would also allow residents to spend quality time there. An official mentioned that the projects would enhance the city's living standards by introducing more greenery.

Also read:
Metro's Extension To Push Housing, Commercial Realty
Godrej Properties to buy land for a residential project

In a few months, several works aimed at enhancing the city's appearance will commence. It is mentioned that the infrastructure in the neighbourhood will be improved, including the development of three beaches (Kasimedu, Thiruvottiyur, and Neelangarai-Akkarai), as well as parks, playgrounds, and upgraded bus stands. It is further mentioned that the Chennai Metropolitan Development Authority (CMDA) will soon invite tenders for 34 projects that were announced in the assembly. The Sekar Babu, CMDA Minister, had made 50 announcements for CMDA for the financial year 2023-2024, costing approximately 4 million. Out of these announcements, 34 projects are related to the development of 26 legislative constituencies within the Chennai Metropolitan Area, with an estimated cost of Rs 2.3 billion. Since the announcement was made, the minister and CMDA officials have been conducting review meetings and field inspections at the proposed project sites. Babu, along with Udhayanidhi Stalin, Minister for Youth Welfare and Sports Development, inspected the location for the construction of an elevator at the Anna Salai – Dams Road and GP Road junction. The estimated cost for this project is 150 million. They also examined the renovation of May Day Park in Chintadripet, which is expected to cost Rs 50 million. Babu stated that tenders for these projects would be called within the next three months, ensuring that work commences on most of the projects. He added that the Chief Minister is closely monitoring the progress, and he himself is conducting regular review meetings. Babu believes that the beach development projects, improvement of playgrounds and parks, dialysis centres, foot over bridges, and other initiatives will significantly transform the city's appearance. Meanwhile, CMDA officials expressed their belief that this infrastructure upgrade will greatly benefit the city. They stated that it would change the city's image and provide youngsters with access to playgrounds, which are currently scarce. The improved facilities in parks would also allow residents to spend quality time there. An official mentioned that the projects would enhance the city's living standards by introducing more greenery. Also read: Metro's Extension To Push Housing, Commercial Realty Godrej Properties to buy land for a residential project

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Real Estate

04 Jun 2026

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..