Tnuhdb Flats To Be Ready By Oct, Real Estate News, ET RealEstate

August 27, 2023

<p>Representative Image</p>
Representative Image

MADURAI: The Tamil Nadu Urban Habitat Development Board (TNUHDB) has said that the much delayed apartment complex project constructed at Manjalmedu in the city will be completed by the end of October.

The three storeyed (G+3) apartment complex constructed at a total cost of 37.2 crore comprising 320 houses was inspected by information technology and digital services minister Palanivel Thiaga Rajan on Friday.

According to the TNUHDB officials, the existing slums in Manjalmedu were demolished and the construction of the apartment complex which was started in October 2020 was delayed due to Covid lockdown and fund crunch. The complex constructed in 2.5 acres of land will be opened to the beneficiaries soon, added the officials.

Each 400sqft house in the complex costs 11.6 lakh. The state government will bear 9 lakh as subsidy while the central government will bear 1.6 lakh as subsidy while the remaining 1 lakh has to be paid by the beneficiary, said the officials.

Recently, the IT minister laid the foundation stone for an upcoming apartment complex in Subramaniyapuram consisting of 396 houses constructed by TNUHDB. The upcoming project will be constructed in 1.43 acres of land at a total cost of 62.7 crore.

Each house constructed in an area of 414sqft will cost 15.8 lakh. The project will be completed in the next 18 months, said the officials.

Mayor Indrani Ponvasanth was also present during the inspection.

  • Published On Aug 19, 2023 at 04:00 PM IST

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