The timely implementation of master plans for all 135 major cities and towns across Tamil Nadu could significantly support the State’s goal of achieving a $1-trillion economy by 2030, according to a leading real estate industry official.

The absence of comprehensive master plans affects investors’ clarity on city growth trajectories, slowing capital flow and reducing investor interest. A master plan facilitates organized growth, unlocks land value, and drives planned urbanization, thereby boosting real estate potential. Authorities are reportedly engaging with the government on plan preparation, but officials emphasized the need to accelerate the process.

Residential developers, particularly those catering to first-time homebuyers, are under pressure due to sharp increases in material costs of 30–40%, with around 20% of the cost being taxes, making housing less affordable for new buyers.

Industry representatives highlighted the real estate sector’s contribution to the State’s GDP and called for more consistent industry representation and collaboration with authorities. They also emphasized the importance of aligning Tamil Nadu’s real estate sector with global standards and urban strategies, taking cues from international models.

To deepen engagement, the industry body plans to expand its chapter network beyond the existing 10 chapters, adding new chapters in regions such as Sivagangai, Vellore, Karur, Nilgiris, and Thanjavur.

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