Chennai:The Tamil Nadu Housing Board stepping to a massive redevelopment plan in which 2,238 old rental apartments will be razed at 17 different locations in Chennai. Most of these apartments are located at Nandanam, Saidapet, Foreshore Estate and Kilpauk.
The board will develop 4,691 highrise apartment complexes at these locations at a cost of Rs 680 crore, said housing and urban development minister R Vaithilingam in the assembly on Tuesday. They will be rented out to government servants and public as per TNHB guidelines.
TNHB will also construct 400 rental apartments at Anna Nagar West Extension and Thiruvanmiyur at Rs 60 crore for government servants and general public. The board will also carry out repairs of its old rental apartments at Rs 10 crore.