G.O.(Ms.)No. 207, Re-development of Llyods Colony Scheme under Public Private Partnership Mode, 2024
The Government of Tamil Nadu, Housing and Urban Development (HB3(2)) Department, issued G.O.(Ms.)No. 207 dated 15 November 2024, granting in-principle administrative approval to redevelop the Lloyds Colony scheme through a Public Private Partnership. The order directs the Managing Director of the Tamil Nadu Housing Board to obtain the Tamil Nadu Infrastructure Development Board's approval for the project structure and procurement documents, and to take further action.
What the order approves
G.O.(Ms.)No. 207 dated 15 November 2024, issued by the Government of Tamil Nadu, Housing and Urban Development (HB3(2)) Department, gives in-principle administrative approval for redevelopment of the Lloyds Colony scheme through a Public Private Partnership. The proposal covers construction of a residential and commercial complex.
The approval follows an Assembly announcement made on 1 September 2021 that the Tamil Nadu Housing Board would redevelop Lloyds Colony, Chennai, at a stated cost of Rs.451.00 crore.
Site and existing buildings
The source records the following details about the Lloyds Colony scheme:
- The scheme began in 1961.
- The Government acquired 19.99 acres in 1961 and handed the land to the City Improvement Trust.
- The Tamil Nadu Housing Board holds 14.76 acres according to the land record, combining the TNGRHS and Board rental schemes.
- The Tamil Nadu Housing Board constructed 240 TNGRHS flats and 290 Board rental flats in phases during 1963 and 1972.
- The buildings are described as approximately 50 years old, structurally deteriorated and dilapidated.
Demolition of the Board-owned buildings had already been ordered under G.O.(Ms.)No. 21, Housing and Urban Development (HB5(2)) Department, dated 29 January 2013, as part of a group of 16 schemes.
How the redevelopment will proceed
A review meeting held on 7 September 2022 decided that redevelopment through a Public Private Partnership should be considered after detailed study. The Tamil Nadu Housing Board then engaged M/s. Cushman and Wakefield as consultant, and the Board approved phased implementation through the Public Private Partnership model.
The Government of Tamil Nadu has directed the Managing Director of the Tamil Nadu Housing Board to:
- Approach the Tamil Nadu Infrastructure Development Board for approval of the project structure.
- Obtain approval for the Request for Proposal and Request for Qualification documents and related matters.
- Pursue the further action needed to implement the project.
Relevance to property buyers and occupants
G.O.(Ms.)No. 207 records an in-principle project approval and the next institutional approval steps. It does not provide prices, allotment conditions, eligibility rules, sale procedures, rehabilitation terms or a construction schedule.
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Common questions
Does G.O.(Ms.)No. 207 approve the Lloyds Colony redevelopment?
Yes. It grants in-principle administrative approval to implement the Lloyds Colony redevelopment through a Public Private Partnership.
Can buyers apply for flats or commercial space under this order?
The order does not provide any application, sale, allotment, eligibility or pricing terms. It deals with in-principle approval and the steps required to structure the project.
What will happen to the existing Tamil Nadu Housing Board buildings?
The buildings are described as old, structurally deteriorated and dilapidated. Their demolition had been ordered under G.O.(Ms.)No. 21, Housing and Urban Development (HB5(2)) Department, dated 29 January 2013.
Has the final Public Private Partnership structure been approved?
The order directs the Managing Director of the Tamil Nadu Housing Board to approach the Tamil Nadu Infrastructure Development Board for approval of the project structure, Request for Proposal and Request for Qualification documents.
