logo
CREDAI Tamil Nadu welcomes Coimbatore Master Plan

CREDAI Tamil Nadu welcomes Coimbatore Master Plan

The Hindu11 hours ago
The Confederation of Real Estate Developers Associations of India (CREDAI), Tamil Nadu, has welcomed the release of Coimbatore Master Plan by the State government.
W.S. Habib, the head of CREDAI Tamil Nadu, said the plan will ensure sustainable urban development of Coimbatore and will play a 'pivotal role' in shaping Coimbatore's future. He also welcomed the deemed approval system and single window approval for constructions up to 25,000 sq.ft. These are game changers for the construction and property sectors in the State, he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gujarat winning the ‘plot', 215 projects in '24-25 alone
Gujarat winning the ‘plot', 215 projects in '24-25 alone

Time of India

time8 hours ago

  • Time of India

Gujarat winning the ‘plot', 215 projects in '24-25 alone

Ahmedabad: Gujarat continues to see an upward trend in plotted projects, with 215 registered with GujRERA in 2024-25 alone, the highest ever in a single year in the state. Experts said the actual number could be higher as many plotted projects do not require RERA registration. In 2024-25, a total of 14,339 new units in plotted development were registered, which is also 43% higher than the previous year. Since RERA implementation, Gujarat has seen the registration of a total of 851 plotted projects with an investment of Rs 5,942 crore and 66,314 units. Ashish Patel, national vice president, Credai, said, "Plotted schemes have increased in recent years because it gives faster rotation of money to developers because construction is less. People want to buy a piece of land in gated communities, and this is driving demand. Plots give good appreciation on the money invested, and therefore, investor demand is better in this segment." A recent GujRERA report says, "Plotted development projects saw explosive growth in 2018-19 (265.2% projects, 340.3% units) but declined in 2019-20 (-28.6% projects, -63.1% units). Strong recoveries in 2021-22 (46.9% projects, 123.2% units) and 2022-23 (69.1% projects) continued, with 2024-25 showing robust growth (41.4% projects, 56.8% investment, 43.3% units). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pensia Pilon 3 NN Pensia Facultativă NN Vezi oferta Undo Plotted development prices rose from Rs 6,863 per sq mt to Rs 14,124 per sq mt, reflecting high land demand. " You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Ajal Patel, a developer active in plotting schemes, said, "Ahmedabad has seen higher demand for plotted development after Covid. People want to ensure a certain future lifestyle, and therefore, they prefer plotted development. Ahmedabad is growing rapidly, and the plotted development offers an upgraded lifestyle." A leading developer said, "After Covid, plotting schemes saw good demand because many investors decided to invest in plots because other business sectors were not performing well. There was a good return also on their investment." According to sources, the actual number of plotted projects is higher than the RERA registered numbers because a large number of plotted projects do not fall in the geographical areas where RERA registration is a must. However, for the last few months, real estate is passing through a sluggish phase, and plotted development is also experiencing relatively low demand as people are in a wait-and-watch mode, said a developer.

CREDAI Tamil Nadu welcomes Coimbatore Master Plan
CREDAI Tamil Nadu welcomes Coimbatore Master Plan

The Hindu

time11 hours ago

  • The Hindu

CREDAI Tamil Nadu welcomes Coimbatore Master Plan

The Confederation of Real Estate Developers Associations of India (CREDAI), Tamil Nadu, has welcomed the release of Coimbatore Master Plan by the State government. W.S. Habib, the head of CREDAI Tamil Nadu, said the plan will ensure sustainable urban development of Coimbatore and will play a 'pivotal role' in shaping Coimbatore's future. He also welcomed the deemed approval system and single window approval for constructions up to 25,000 These are game changers for the construction and property sectors in the State, he said.

Vision 2041: Kovai charts ambitious urban future with master plan
Vision 2041: Kovai charts ambitious urban future with master plan

New Indian Express

time4 days ago

  • New Indian Express

Vision 2041: Kovai charts ambitious urban future with master plan

COIMBATORE: The 'GIS-based Coimbatore Master Plan – 2041' aims to create a sustainable, resilient, and inclusive urban future for the city. It has been crafted by the Directorate of Town and Country Planning (DTCP) under the Tamil Nadu Town and Country Planning Act, 1971. The master plan covers a Local Planning Area (LPA) of 1,531.57 sq km, which includes the Coimbatore City Municipal Corporation (CCMC), four municipalities, 21 town panchayats, and 66 revenue villages, accounting for nearly 74% of the district's population. The focus is on the population, which is projected to rise from the 2011 figure of 24.57 lakh by 2041. Recognising Coimbatore's growing role as a hub for MSMEs, IT, education, healthcare, and manufacturing, the plan outlines development strategies that support economic expansion and environmental stewardship. Feedback from residents, civic bodies, industry representatives, and transport authorities was actively sought through stakeholder meetings, field surveys, GIS-based analysis, and a dedicated website. The plan also examines the shortcomings of past efforts, such as the 2001 Master Plan and the Kurichi New Town Development Plan. It notes that while residential development fell short of expectations, commercial and institutional growth surged, driven by a service-based economy. Industrial expansion followed its own path along emerging corridors like Avinashi Road, rather than sticking to zoned areas. Learning from these patterns, the 2041 plan proposes flexible zoning, better infrastructure coordination, and dynamic land-use strategies.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store