Tamil Nadu Housing Board (TNHB) is positioning its new commercial complexes across Chennai as budget-friendly hubs, offering space at 88–118/sqft nearly 20% cheaper than private rentals with departments such as EPFO (Employee's Provident Fund Organisation) and GST among the first occupants. TNHB already sold its complexes in Chintamani (which housed the old market) and Anna Nagar to govt bodies, including TN Real Estate Regulatory Authority. In addition, seven other complexes have come up in prime locations such as Ashoka Colony in KK Nagar, Mogappair, CIT Nagar, Arumbakkam, Ashok Nagar, Peters Colony, and Besant Nagar. With metro connectivity and central access, these sites are proving attractive to govt agencies struggling to find space. Sized between 7,000sqft and 18,000sqft per floor, the new complexes are pitched as modern, affordable alternatives to private rentals. "It's at least 20% lower than what private players charge. Few floors are still available, and we are scouting for probable tenants, including private companies," the official said. Meanwhile, TNHB hopes to attract bigger corporates with three upcoming projects: Peters Colony, Ashok Nagar near Udhayam Theatre, and Arumbakkam. The Ashok Nagar tower, with 22 floors, will combine residential units from the fifth floor upwards with commercial use on the first four floors. The Arumbakkam tower (33,245sqm) is almost complete with 11 floors and two basements, while Peters Colony (75,299 sqm) will feature 17 floors above three basements. To accelerate private sector participation, TNHB floated tenders to empanel consultants for feasibility studies, marketing strategies, and transaction advisory services, including bid management, for the Peters Colony, Arumbakkam, and Ashok Nagar projects," said B Ganesan, managing director (in charge). TNHB chairman Poochi S Murugan said about 70% of available space was already rented out. "All our projects have good connectivity. 
 

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