A residential project which was constructed in 1996 by Tamilnadu Housing Board, according to the local real estate agents, requesting annoymity of Tamilnadu, is standing still without residents inside. This area is a covered by creepy entwined floras and paradise for insects and reptiles; before getting any paranormal idea from the mossy frame let’s disclose the original truths behind it- according to the local sources this building which was built for a police station has been the content of shadows for past 20 years, this is due to abnormal pricing during those years when the market rate was approx 2 lakhs per ground. This particular building and many other buildings constructed by Tamilnadu Housing Board (TNHB) was coded with immoderate base amount; as a result the local gram panchayat failed to take over those buildings miserably. The current market rate of the same property is 50 times more than the earlier rate. If we go through the TNHB projects- a police station, a huge library, a community hall, a fire station, few ration shops and six acres of land sanctioned for bus terminus have been unclaimed due to unusual pricing.
According to the retired officials storming land prices, the state Govt. of Tamilnadu is using its agencies to seize lands. TNHB and the Govt. by extension is somehow deviated from their prime purpose which providing the lower and middle earning inhabitants affordable residential apartments. Besides the holding-back attitude in delivering the properties and sly changes in their terms and conditions took these projects under water. Obviously TNHB is not ready to accept these allegations and the secretary of the state housing and urban development Mr. Dharmendra Pratap Yadav stated,’’ TNHB had never received any land for free of cost, not even from the state Govt. Again if the land is meant for some other purpose and used for some other, can’t be done without CMDA’s assent.’’ Ayapakkam Gram Panchayat officials contended 23 acres land, which was supposed to be taken for constructing educational institutions but was utilized for housing board without CMDA’s approval. Near about 660 plots have come up on this 23 acre property. Former CMDA officials indicate that TNHB has a track record of evading the planning authority consent, as a provision in the Housing Board Act set them aside to do so. As per the statement of a retired CMDA official, ‘’ TNHB alter land plans with state Govt. assent. By using some tricky shortcut methods TNHB changed the land rule as per their requirement.
Kolkata is also a metro city like Chennai, but if you notice the indicator of selling flats in Kolkata, the graph remains always static due to the small cost of living and the availability of affordable flats in Kolkata in comparison to the other four major cities in India. Till date you can find projects starting from 10/12 lakhs which is kind of a rare offering in itself. As a result the count of forsaken projects is really low in Kolkata.
High pricing causes a big dent in the selling quotient, flats remain unused in Chennai
