Redevelopment of TNHB buildings caught in legal battlePosted: April 8, 2012
Redevelopment plans for around 50 apartments, originally promoted by the Tamil Nadu Housing Board (TNHB) in areas like Besant Nagar, Adyar, Anna Nagar and Shanthi Colony, are stuck in legal battles. What’s worse, many apartment complexes have already been razed and the owners are staying in rented premises waiting to move into their new houses.
The dispute between the apartment owners and the TNHB is over a premium (10% cost of the extra floor space index – FSI is the ratio of land area to the builtup area) that the latter is demanding for issuing no-objection certificates (NOC) for the redevelopment.
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