The introduction of an online system for building approvals in Chennai has led to a significant increase in the number of permissions issued, boosting the city's real estate market. CREDAI reports a positive outlook for Chennai's residential sector.
ChennaiBuilding ApprovalsReal EstateCmdaOnline SystemReal Estate NewsFeb 07, 2025
The new online system, launched by the Chennai Metropolitan Development Authority (CMDA), is a digital platform that allows developers and property owners to submit applications, track status, and receive approvals for building projects more efficiently.
The online system has led to a 45% increase in the number of building permissions issued, which has boosted the real estate market by increasing the supply of new homes and meeting the growing demand from the city's population.
CREDAI, or the Confederation of Real Estate Developers' Associations of India, is an organization that represents real estate developers. They report on market trends and the impact of government policies on the real estate sector, including the positive effects of the online building approval system in Chennai.
Despite its success, the online system faces challenges such as the capacity of the CMDA to handle the increased number of applications. The authority is addressing these issues by training more staff and investing in technology to further improve the system.
The CMDA, established in 1974, is responsible for the planning and development of the Chennai Metropolitan Area. They have been implementing various initiatives to improve the quality of life for Chennai residents, including the introduction of the online building approval system.
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