TNHB
The Tamil Nadu Housing Board (TNHB) has started the construction work on the city's first high-rise residential project for the high-income group (HIG) category in Varaganeri. The board will also build a high-rise block (above 18.30m in height) on the same campus for the middle income (MIG) and low-income group (LIG) categories. Prior to this, TNHB was renting out 48 flats in Varaganeri near Palpannai (Chennai-Trichy NH and Thanjavur-Trichy NH intersection) to the public. With the structure stability deteriorating, TNHB proposed to demolish the existing structures and build a high-rise residential project with amenities like covered car parking, multiple elevators and power back up, green space for children and CCTV security. The HIG block with 14 floors will have 56 units, each measuring 1,500 to 1,575 sqft floor area. All the units will have three bedrooms and are likely to be sold at ₹69 lakh per unit. Since the site is close to multiple national highways, commercial complexes and hospitals, there is a huge demand for such property in the area. The flats will be in premium standard, special attention is given to the quality of flooring and elevation. TNHB has also applied for administrative sanction to launch the residential tower each for MIG (14 floors) and LIG (13 floors) categories. A total of 192 units in three different categories will be sold to the public.
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