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

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?