Deputy Chief Minister O. Panneerselvam on Friday said that the State government will soon release the Tamil Nadu Housing and Urban Development policy with an aim to provide housing for all with basic amenities by 2030.
“The policy will also focus on slum development and rehabilitation,” he said at the inaugural of the 12th edition of Fairpro 2019, the annual flagship property event of Credai Chennai.
Mr. Panneerselvam said a policy on land development and use was being developed in order to ensure that it was put to effective use.
In the three-day expo, over 75 developers would showcase more than 300 residential projects. Houses ranging from ₹20 lakh to multicrore luxury projects would be on offer. And 25,000 visitors are expected over three days, according to a statement.
Speaking at the event, W.S. Habib, President, CREDAI Chennai, urged the State government to reduce the stamp duty for properties, pointing out that it was one of the highest in the country.