With nearly 49 per cent of Tamil Nadu’s population living in urban areas, and ever increasing need for housing for families and commercial space, the state government is committed to providing speedy approvals for projects and is also planning to establish new satellite cities, he said.
Unveiling the Tamil Nadu Real Estate Vision 2030, the Chief Minister said, “I believe that there will be huge opportunities in the real estate sector due to the increasing population in Chennai. The urban population in Tamil Nadu, which was 1.90 crore in 1991 increased to 3.49 crore in 2011. It is expected to increase further to 5.34 crore in 2031. As per the 2011 Census, the State has 832 cities and towns. Nearly 49 per cent of the population live in urban areas. Tamil Nadu is the leading state in the country in urbanization.”
Keeping this in mind, the State Housing and Urban Development Department, has formulated and implemented various housing projects, he said. “The government is taking all steps to meet the changing needs and is committed to providing speedy approvals to projects. We are also planning to build new satellite cities besides develop outer ring roads,” Stalin added.
Aiming for the overall development of the state, the government has been focusing on all sectors like education, agriculture, medical, small business, women development, and environment. The government has established a single-window system for granting approvals for construction of buildings, he added.
