By Accommodation Times Bureau
The Tamil Nadu Housing Board (TNHB) has approved approx 50 apartments has caught under the legal probe. The redevelopment plans has been promoted by the TNHB located in the following areas Nagar, Adyar, Anna Nagar and Shanthi Colony. However, there are already numerous building have been demolished and owners are staying on rental basis and waiting for new houses.
The clash raised between flat owners and TNHB due to premium (10% cost of the extra floor space index — FSI is the ratio of land area to the built-up area) that later on asking for issuing no-objection certificates (NOC) for the redevelopment. The issue, which came up in various courts, has now been referred to a full bench of the Madras HC. Without an NOC from TNHB the Chennai Metropolitan Development Authority and the Chennai Corporation are not issuing plan approvals therefore several redevelopment projects are struggling for approvals.