indrefs.com

Sign in with Facebook
Sign in with Facebook

User Rating: 5 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Active
 

The Government of Tamil Nadu has invested Rs. 2847 crores through single window clearances without signing any Memorandum of Understanding (MoU).

The projects that have been approved by the government include HCL, Eicher Motors, Britannia, and Saint Gobain. Ms. Estancia IT SEZ Park Pvt. Ltd. is expected to invest Rs. 800 crores and employ more than 6000 employees. The projects are expected to employ more than Rs. 18,500 people.

These projects were earlier Non MoU projects that were handled by Guidance bureau through single window facilitation. 18 companies have been given approval till now and many of them have begun investing in the property. Most of the investments are in the automobile and food sector. Many projects will be located in Chennai and Kanchipuram districts. Eicher Motors is building two projects: one in SIPCOT, Sriperumbudur and the second one is expected to come up in Sholinganallur. Each plant is expected to employ 1000 people each.

Add comment


Security code
Refresh

Want quick reply to your question? Post it to the Forum and get quick and prioritized reply! For questions on posting to forum, please read article on how to post a question in the forum.

Latest News

How can existing borrowers lower their interest ra...
24 Mar 2017 19:04 - Krishna

I am sure all of you must have gotten phone calls on reducing interest rates. However, all these red [ ... ]

How does Marginal Cost of Lending Rates (MCLR) Wor...
24 Mar 2017 18:13 - Krishna

We had earlier discussed on the different types of loans. Today, we will discuss on Marginal Cost of [ ... ]

Paying higher interest rate than your friends? Cha...
22 Mar 2017 19:23 - Krishna

I am sure that many of you would have noticed the fact that you were often paying higher interest ra [ ... ]

What is ROR (Record of Rights) and how can one obt...
15 Aug 2016 09:02 - Krishna

Right of Records (RoR) contains details regarding ownership of the property. It is an important docu [ ... ]

Big players to invest in Real Estate
28 Jul 2016 18:04 - Krishna

The Government of Tamil Nadu has invested Rs. 2847 crores through single window clearances without s [ ... ]

Featured News

You can take five years to make use of interest ra...
04 Mar 2016 10:22 - Krishna

A home owner will be able to take tax exemption on home loan even if the house construction gets com [ ... ]

Procedure to obtain E Khata for a property allotte...
13 Oct 2014 03:53 - Krishna

E khata has become an important document for almost all new buyers. If existing home owners wis [ ... ]

Free Encumbrance certificate (EC) online for Tamil...
16 Jun 2014 04:01 - Vijay Viswanathan

In an effort to reduce corruption and increase transparency, the State Government has initiated a ne [ ... ]

Bangalore Khata- certificate and extract- Complete...
27 Dec 2013 18:49 - Krishna Krishnan Stamp Paper

 A Khata, in Hindi, means account. A Khata in terms of property stands for an account of a prop [ ... ]

Bangalore Occupancy Certificate: A complete guidel...
26 Dec 2013 00:36 - Krishna Krishnan

 A buyer can move into his/her new apartment only once the occupancy certificate (OC) has been  [ ... ]

Indian Real Estate Bubble 2014- will it burst?
17 Dec 2013 22:17 - Krishna Krishnan Houses

Since 2008, people have been concerned about the escalating property values. This year, the fear has [ ... ]

Panchayat approval vs DTCP vs CMDA approval of lan...
14 Dec 2013 06:05 - Vijay Viswanathan

The most commonly marketed plots in and around Chennai include Panchayat, CMDA and DTCP approved plo [ ... ]

CMDA FSI rules for buildings in Chennai
13 Dec 2013 21:03 - Krishna Krishnan Road

Due to the sheer number of construction and development projects being carried out simultaneously, o [ ... ]

Subscribe to News

Sign in with Facebook