CHENNAI PRESS NEWS

Tamil Nadu's Real Estate Outlook Report Unveiled at STATECON 2024 Organised by CREDAI Tamilnadu Chennai, 29th January 2024: “Of the 43 requests consolidated, we are pleased to say 25 of them are in progress. We also assure the industry your needs are looked into and we will offer the maximum support. We are also looking into the Building Height approvals and FSI etc. and an announcement should be made at the earliest opportunity, said, Thiru. S. Muthusamy, Honorable Minister for Housing & Urban Development, at the inaugural session of South India’s largest Real Estate Conclave – STATECON , organized by CREDAI Tamil Nadu. The theme of the two-day conference was Conservatism to Cosmopolitanism. Lastly, commenting on the demand for self-certification to ease the approval process, the Minister put it back asking what about deviations. Would the industry take responsibility for the deviations? If the responses are favorable, it can be considered,” he concluded. Thiru. P.K. Sekar Bab...

Tamil Nadu requires 20 mn urban homes by FY 2047 – 48  1.2 bn sq ft of office space required to provide workspace to support formal employment strength which is estimated to reach 19 mn by FY 2047-48 . Chennai, January 29, 2024: In its latest report – Tamil Nadu: Unveiling Economic Dynamism and Future Potential, by Knight Frank India , a leading real estate consultancy in the country, in association with the Confederation of Real Estate Developers' Associations of India (CREDAI)- Tamil Nadu, has estimated that Tamil Nadu’s Nominal Gross State Domestic Product (GSDP) would expand to approximately US$ 2.6 trillion by FY 2047-48. Tamil Nadu stands as the second-largest state economy in India, contributing 8.8% to the nation’s GDP. In FY 2023, the state GDP is estimated to have expanded to USD 294 bn. Over the 10-year period before the onset of the COVID-19 pandemic (FY 2009-2019), Tamil Nadu’s economy experienced an average annual growth rate of 11%. At this pace of growth, FY 2047-48...

Chennai  :   Commenced its journey in 2019 and is currently celebrating its 6th year of mentoring excellence with the Annual Felicitation Program - "SOPAN." This event honors students who have achieved national recognition in various Olympiads, IIT JEE, and NEET (UG). The ceremony took place at Kamaraj Arangam, Chennai, on January 27, 2024, marking the third edition of SOPAN in Chennai. In this edition of SOPAN, a special video commemorating the journey, essence, and philosophy of mentoring, as well as the jubilant success, was launched. The event unfolded in two sessions. In the morning, laurels were bestowed upon students who excelled in Olympiads and secured top ranks in JEE Main 2023 & IIT JEE 2023. In the evening, students who qualified in NEET (UG) 2023, along with those who performed exceptionally well in internal examinations, were felicitated. Eminent personalities from society graced the occasion as special guests: Padmashri Dr. V Mohan , MD, FRCP (London), ...