Boundary disputes are expected to be resolved more quickly in the coming months, as land-related processes such as patta updates and sub-division approvals become simpler. Encroachments will also be easier to detect as the state prepares to procure high-resolution satellite imagery to modernize and digitize land records.

The Directorate of Survey and Settlement (DOSS) has issued a request for proposal to create a high-resolution satellite imagery database covering an area of 1,30,000 sq km. This initiative is part of a broader plan to establish a modern, transparent land records management system that will support governance, infrastructure planning, and welfare programme implementation.

Once acquired, the satellite data will be integrated into the state’s geographical information system to support large-scale mapping, land surveying, and various governance applications. At present, only basic 2D data such as measurements and area details are available. With the new system, precise coordinates will be included, and satellite imagery will be overlaid on existing land records to improve accuracy. Even small variations in urban property boundaries can lead to disputes, making improved precision essential.

The directorate has already begun ground verification to ensure the accuracy of reference points. Out of 25,000 points, 18,000 have been completed so far. This effort will support better planning and advanced data visualization. The 30 cm resolution of the imagery will make mapping more detailed, improving the understanding of geographical features, land-use patterns, and infrastructure across the entire 1.3 lakh sq km area.

Stakeholders have suggested that such a major initiative should be tested on a smaller scale first. They recommend conducting a pilot in a small settlement to verify accuracy before implementing it statewide, especially since even minor differences in measurements can lead to disputes. They also emphasized the need for additional manpower to support the project. 

The High Court has permitted the State government to construct ponds for rainwater harvesting and establish an eco-park on the land recovered from a private club in a metropolitan area. The State government had cancelled the lease granted to the club for the land and initiated steps to implement a project on the reclaimed 118-acre site. The project includes developing an eco-park for public use and constructing four ponds for rainwater harvesting.

Opposing these initiatives and challenging the cancellation of the land lease, the club administration filed a case before the High Court. A single judge had earlier ordered that the present status of the land should be maintained. When the State government appealed against this interim order, a division bench observed that four ponds had already been constructed in the area as a flood mitigation measure. The bench therefore granted permission to establish additional ponds and develop the eco-park on the recovered land.

Referring to the damage caused by earlier floods in the city, the judges noted that such public welfare projects are essential. They also stated that the government’s plan would help maintain ecological balance and reduce air pollution, emphasizing that air pollution is a public health concern.

Highlighting the scarcity of land in metropolitan areas, the judges remarked that allowing private entities to use government land for personal benefit would undermine public trust. Accordingly, the division bench set aside the earlier interim order and issued directions allowing the projects to proceed.

Realtors want the state government to intervene and stop the planning authority from enforcing its grid-of-roads plan without a proper government order. In a letter to the chief secretary, they said some officials were applying the grid layout while processing planning and development applications.

They stated that the scheme was problematic because the proposed grid of roads cuts through already approved buildings and therefore needs to be completely reworked. According to them, the planning authority has been implementing the plan without statutory approval, putting several projects on hold and causing hardship to developers and the public.

Realtors added that many projects complying with the existing master plan are now facing additional requirements arising from the yet-to-be-notified grid framework, resulting in approvals being withheld for over a year. They also raised concerns that the proposed grid alignment passes through approved layouts and completed buildings. The letter further noted that certain gifted or existing roads had not been considered, leading to what they described as a technically flawed and impractical layout without formal authority. This, they said, has caused confusion since the grid plan has not been officially announced or made accessible.

A representative from the construction sector said that during road expansion, the government typically acquires land equally from both sides. They expressed willingness to provide the required land — which usually results in better FSI and wider roads — but stressed that this must be done through a proper government order.

The realtors requested the government to direct the planning authority to suspend enforcement of the grid plan until a detailed study is conducted, stakeholder consultations are completed, and an official government order or notification is issued. However, a housing department official said that officers have already been instructed not to enforce the grid plan until it is formally notified, adding that the notification will form part of the upcoming master plan and that the issue has already been addressed.

The stock has gained nearly 22% over the past three months, of which 10% came after the declaration of second-quarter numbers on October 18. The broader financial services index has gained over 9% in three months and 2% since October 18.

The housing finance company is likely to improve AUM growth to over 15% in FY27 from the expected 12% for the current fiscal year, supported by expansion in northern regions and a recovery in existing southern markets. It opened 32 new branches in the September quarter, taking the total number to 248. The lender is focused on strengthening its presence beyond the southern states where it has historically been strong.

In the September quarter, the proportion of branches and loan portfolio in the southern region fell to 54% and 71%, from 60% and 73% respectively a year ago. This helped the company maintain momentum in assets under management despite slower loan disbursement in Karnataka and Telangana. Outside key geographies, the lender continues to see strong growth in the eastern and northern states at over 30%, while Tamil Nadu and western states are showing growth of around 25%, according to a research report.

The company expects to raise the share of incremental disbursements in the northern region to 40% by March 2028, up from 32% at the end of September 2025. Disbursements rose 26% year-on-year and 7% sequentially to ?2,545 crore. The pace of growth may moderate at the company level, but this is expected to be temporary.

The gross non-performing asset (NPA) ratio remained below 1% in the September quarter due to lower provisioning and easing delinquencies. NPAs in the salaried portfolio fell sharply from ?627 million to ?372 million, reflecting stronger repayment trends and improving asset quality, according to another research note. Gross NPAs are expected to stay within the 0.9–1% range in the near term.

The net interest margin (NIM) expanded to 4% in the September quarter from 3.6% a year earlier amid softening borrowing costs. Analysts expect NIM to remain around 4% for FY26. Earnings estimates for FY26 have been revised upward by around 5% to account for higher NIMs and lower credit costs. Advances and net profit are projected to grow at a CAGR of around 13% over FY25–28, with return on assets expected to remain above 2.2%. The stock ended 0.6% lower at ?886.4 on Thursday.

Authorities have instructed the local civic body to temporarily halt construction of the proposed Velachery flyover, as the structure overlaps with the alignment of a planned metro corridor connecting Tambaram, Velachery and Guindy.

The halted project includes a 3 km, three-lane flyover beginning 300 metres after the junction of Sardar Patel Road and Velachery Main Road, extending up to the Velachery Bypass. It was intended to ease severe peak-hour congestion at key points such as Race Course Road, Five Furlong Road and the Velachery Bypass junction. Traffic studies indicate that the Five Furlong Road junction handles 7,459 PCUs during peak hours, while the junction near a major educational institution sees 7,742 PCUs.

According to a senior official from the civic body, discussions between the two government agencies are ongoing. “Several rounds of talks have been held. They asked us to pause construction for two months, but we have requested clarity within a month. For now, the contractor remains on standby,” the official said.

The metro authority is currently preparing the Detailed Feasibility Report for the new corridor. Officials fear that if the flyover proceeds now, the contractor may eventually withdraw, especially if delays escalate.

Approximately 650 metres of the planned flyover overlap with the proposed metro alignment along the 200-Feet Radial Road, stretching from the junction near a major college up to the Five Furlong Road junction.

“More than 20 flyover pillars fall directly within the metro route. A metro station is also planned near a major commercial hub. If the flyover is built first, it may have to be demolished later,” the civic official said, adding that they are open to allowing the metro authority to build the overlapping portion of the flyover and reimburse the cost.

A senior metro official confirmed the request to pause the work. “If construction continues, the flyover will likely interfere with the metro alignment. The chances of demolition later are high. Since planning is still being finalised, we have requested a temporary hold.”

A senior state leader said that many companies are choosing to invest in Tamil Nadu because the state maintains strong law and order, offers a business-friendly environment, and ensures transparency in governance.

Speaking at an investors summit in the city, it was stated that 1,016 investment agreements valued at ?1,140,731 crore have been signed across 17 investment conferences held in the last four years. These investments have created over 3.4 million direct and indirect employment opportunities.

The leader added that some groups are spreading misinformation about these investments for political reasons.

As part of the state's semiconductor development mission for 2030, semiconductor parks will be established in Sulur and Palladam. The state also emphasized the need for collaboration between industry and academic institutions to build a strong knowledge-based economy, and proposed the creation of a new university research park trust to support this goal.

Highlighting the competitive environment for securing industrial investments, it was noted that Tamil Nadu competes not only with other Indian states but also with countries such as Vietnam and Thailand. Incentives are provided based on the state's financial capacity and after evaluating the long-term benefits to the state.

The government is seeking investments in every district. Following events held in other regions, the latest investors' meet underscores the state's development priorities.

Later, at the summit, the state's industries department encouraged businesses in Coimbatore and Tirupur—particularly those in the textile sector—to explore opportunities in technical textiles, assuring full government support for companies focusing on this high-growth sector.

According to officials, of the 128 stations on the 118.9-km Phase II network, property developments have been planned in at least 25. While huge towers will come up at major stations such as the ones at Central, Mandaveli, Thousand Lights, and Thirumangalam, additional floors will be constructed for use as office space or to set up retail outlets at many stations including Perungudi, Sholinganallur, Karapakkam, Thoraipakkam, Madhavaram High Road, Sembiyam, Ayanavaram, Otteri, Perambur Barracks Road, Purasawalkam, Chetpet, Sterling Road, Nungambakkam, Royapettah, Adyar Depot, and Thirumayilai.

From the Phase I project, officials noted the need to create such infrastructure at the construction stage itself. Based on land availability—whether above the entry/exit points or on adjoining land—multi-storey buildings are being set up to function as office, commercial, or retail spaces. The goal is that commuting for work, shopping, or dining should eventually shift to public transport.

Experts indicated that the city would significantly benefit from a massive supply of office and retail space over the next few years. There is an increasing demand for office spaces in the city, and developing office and retail spaces integrated into Metro Rail stations or on adjacent land parcels is seen as an ideal strategy at a time when there is land scarcity for commercial spaces.

It was also noted that large property development projects near stations would attract major players to set up offices or malls in these areas. Smaller stations such as those at Boat Club, Nungambakkam, and Sterling Road are expected to boost premium retail demand in specific micro-markets and generate fresh demand.

The information technology corridor on Old Mahabalipuram Road and the corridor along Mount-Poonamallee Road are expected to gain substantially from the connectivity offered by the Metro Rail system along with the addition of office and commercial spaces. Almost every station has been designed with retail and commercial development in mind. Whether companies establish offices or retail and food outlets come up, the entire ecosystem is expected to strengthen after the completion of Phase II, transforming the network into a world-class facility as transit-oriented development takes root in the city. 

A south-focused real estate developer announced that a global investment firm has agreed to invest ?700 crore in an upcoming industrial and warehousing infrastructure project near Chennai, according to a recent report. The developer stated that it has entered into a strategic investment arrangement under which the international investment firm will fund the creation of 4.2 million sq ft of industrial and logistics space. The plan includes developing two large-scale industrial and logistics parks across 154 acres in the Sriperumbudur region near Chennai. These projects are designed to support businesses in sectors such as e-commerce, third-party logistics, and manufacturing, and are expected to reach a total development value of ?1,500 crore upon completion. A domestic automobile company has already pre-leased a portion of the upcoming space. The developer’s industrial and warehousing division has already delivered 6 million sq ft of space, with an additional 15 million sq ft currently under development. Construction on both parks is set to begin soon, and the entire project is expected to be completed within 30 months, according to the statement.