The Tamil Nadu government, on July 5, 2017, proposed a new housing policy that will include a series of changes like reducing the cost of construction.
Making a suo motu statement in the state assembly, chief minister K Palaniswami said, the government will formulate a housing and residential policy and its features would include bringing down the cost of construction and ensuring adequate housing facilities for the economically weaker sections, among others.
See also: TN slashes property guideline value by 33 per cent, hikes registration fee
Other highlights of the policy include promoting standard urbanisation, ensuring provision of all basic amenities, developing infrastructure, amending the master plans and development control rules and fixing time frames for building approvals, among others, he said.
The chief minister also announced the construction of nearly 1.87 lakh houses under different schemes, including the Pradhan Mantri Awas Yojana.
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