Vada Chennai Project To Witness Rs 1,000 crore Development In Three Years

The Tamil Nadu government announced an investment of Rs 1,000 crore to develop the city of North Chennai in the coming three years. 

According to reports, the investment comes under the initiative, 'Vada Chennai Valarchi Thittam,’ which aims to address the infrastructure deficit and gaps in developments in the northern parts of the city. The scheme will be implemented from the funds of the Chennai Metropolitan Development Authority along with ongoing schemes. 

Further, Finance Minister Palanivel Thiaga Rajan or PTR announced the development of a state-of-the-art Global Sports City in Chennai.

Commenting on the northern city development, A Shankar, COO of strategic consulting and valuation at JLL West Asia, said, “our key elements of focus are connectivity and road infrastructure and opening of major transportation corridors”.

Experts welcomed the move to develop North Chennai and believe the development of Minjur as a satellite town will help in boosting economically weaker sections and lower-middle-class groups, who are likely to get structured housing as North Chennai lacks planned development.

Meanwhile, the government is yet to prepare a detailed project report for setting up a state-of-the-art Global Sports City. The state is looking forward to developing 30 acres of land in Island Grounds with modern urban amenities that include, an urban plaza, exhibition pavilions, landscaping, open-air theatre, and food courts for Rs 50 crore.