Chennai:Claiming that the demand for sustainable housing was likely to increase in the coming years, Tamil Nadu Chief Minister M K Stalin on Friday called for innovative urban development plans to meet the increasing requirement. He said efforts were on to prepare master plans for 136 cities, including Coimbatore, Madurai, Hosur, Salem, Tiruppur, Tiruchirappalli, Vellore and Tirunelveli.
For the city, the Chennai Metropolitan Development Authority (CMDA) was developing the third master plan for Chennai Metropolitan Area (CMA) focussing on sustainable urban development, he said, while inaugurating the 17th edition of FAIRPRO 2025, a real estate exhibition being organised by the Confederation of Real Estate Developers' Associations (CREDAI) here.
The exhibition features over 500 projects spanning 32.5 million square feet of residential space, 0.25 million sq ft of commercial space, and 325 acres of plotted development in Chennai. Speaking at the three-day event, the chief minister said housing and urban development, which includes real estate and infrastructure development, was an important sector that ensures the economic growth of the state.
"Tamil Nadu is highly urbanised with nearly 48 per cent of its population living in urban areas. This will increase further in the coming years enhancing the demand for sustainable housing. Therefore, innovative urban development plans should be prepared," the CM stressed.
The state government was actively involved in preparing the third master plan for Chennai to promote urban development and improve the quality of life of the people, focusing on sustainable development, economic progress, and technological initiatives. "This will guide the development of the Chennai Metropolitan Area for the next 20 years," he said.