G.O. (Ms.) No. 33, Withdrawal of Tamil Nadu Trade Centre Development, 2024
The Housing and Urban Development Department issued G.O. (Ms.) No. 33 on 15 February 2024, withdrawing the proposed Tamil Nadu Trade Centre development on 3.15 acres of Tamil Nadu Housing Board land at Anna Salai, Nandanam, Chennai. The order abandons the planned connecting skybridge and Tower III, and withdraws G.O. (Ms.) No. 8 dated 13 January 2021 and G.O. (Ms.) No. 21 dated 1 February 2021.
What the order does
G.O. (Ms.) No. 33 of the Housing and Urban Development Department, dated 15 February 2024, accepts the Managing Director of the Tamil Nadu Housing Board's proposal to withdraw the Tamil Nadu Trade Centre development planned at Anna Salai, Nandanam, Chennai.
The withdrawn proposal covered 3.15 acres owned by the Tamil Nadu Housing Board and had a revised estimated cost of Rs.832.40 crore, including the value of the land. It proposed a LEED Platinum certified commercial development consisting of:
- Tower I, with two basement levels, a ground floor and 20 upper floors.
- Tower II, with two basement levels, a ground floor and 16 upper floors.
- A curved skybridge connecting Tower I and Tower II.
- Tower III as part of the wider development concept.
Earlier approvals withdrawn
G.O. (Ms.) No. 33 withdraws two earlier orders of the Housing and Urban Development Department:
- G.O. (Ms.) No. 8, dated 13 January 2021, which had given administrative approval for a three tower Tamil Nadu Trade Centre development over 4.96 acres, including 3.15 acres of Tamil Nadu Housing Board land and 1.81 acres belonging to the Tamil Nadu Urban Habitat Development Board.
- G.O. (Ms.) No. 21, dated 1 February 2021, which had approved arrangements for a special purpose vehicle named Tamil Nadu Trade Centre, including its proposed ownership and management structure and a 49 per cent equity investment of Rs.1.96 crore by the Tamil Nadu Housing Board.
The curved skybridge between Towers I and II and the construction concept for Tower III are specifically abandoned.
Reason and revised approach
The Tamil Nadu Housing Board commissioned Cushman and Wakefield to assess market conditions following the COVID pandemic. The resulting report recommended carrying out the development in stages.
The Tamil Nadu Housing Board subsequently resolved to pursue commercial or office development on the land occupied by its old headquarters building. It also proposed postponing the combined second stage development of the sites containing E.V.R. Periyar Maaligai, 30 HIG individual residences, Board officers' residences and Janatha Hotel.
Who may be affected
G.O. (Ms.) No. 33 directly concerns the Tamil Nadu Housing Board, the identified Nandanam land and the proposed project arrangements. It does not set out a general rule for private landowners, property buyers or developments elsewhere in Tamil Nadu. The order was issued with the concurrence of the Finance Department's Infrastructure III section dated 6 December 2023.
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Common questions
Is the Rs.832.40 crore Tamil Nadu Trade Centre project still approved?
No. G.O. (Ms.) No. 33 withdraws the proposal for the development on 3.15 acres of Tamil Nadu Housing Board land at Anna Salai, Nandanam.
Will the skybridge and Tower III be built?
The curved skybridge proposed between Towers I and II has been abandoned. The construction concept for Tower III has also been abandoned.
Which earlier government orders were withdrawn?
The Housing and Urban Development Department withdrew G.O. (Ms.) No. 8 dated 13 January 2021 and G.O. (Ms.) No. 21 dated 1 February 2021.
Does this create a new rule for private property in Tamil Nadu?
No general rule for private property is stated. G.O. (Ms.) No. 33 concerns the identified Tamil Nadu Housing Board land and the proposed Tamil Nadu Trade Centre development at Nandanam, Chennai.
