TN Offers Up to Rs 2.57 Cr/Acre for Parandur Airport Land

01 Jul 2025 CW Team

To accelerate land acquisition for the Rs 20,000 crore Parandur greenfield airport near Chennai, the Tamil Nadu government has fixed land compensation rates ranging from Rs 35 lakh to Rs 2.57 crore per acre. These rates significantly exceed the guideline values in Kancheepuram and Sriperumbudur taluks, with a flat rate offered for 1,960.63 acres.

The move, sanctioned by a Government Order from Secretary V Arun Roy, includes 275% of the negotiable guideline value and a 25% incentive. It aims to fast-track acquisition and reduce resistance from landowners protesting the project.

For lands with higher demands or values, the Kancheepuram District Collector has been authorised to negotiate separately. For unwilling owners, the Tamil Nadu Acquisition of Land for Industrial Purposes Act, 1997, will apply, with compensation adjusted for structures, trees, and solatium.

The state aims to acquire 3,331.25 acres for the airport, which will serve as Chennai’s second international hub and a major infrastructure boost for the region.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..