Chennai has always been a low height residential city, but not anymore. There are many high rise buildings of about 30 floors but the large ones are now over 40 floors as the city is witnessing rapid verticalisation (flats). Brigade’s project at Perambur will have five towers, including one 49 floors; its Altius at Sholinganallur will have 47 floors and SPR towers at Perambur will have 45 floors each, said sources.
This is just the start with many more to come as changes in Floor Space Index (FSI) regulations as per TNCDBR 2019, has accentuated more high-rise buildings in the city, they say. Chennai annually produces 22,000 to 23,000 dwelling units. This is far below what cities like Hyderabad and Bengaluru generate – 80,000 units – while Mumbai stands at a distant aim of 1.
25 lakh units. However, the demand for housing in Chennai is steadily growing. To meet the demands of its growing population, Chennai must tackle the issues of housing shortages and rising costs of living.
The solutions include unlocking land potential, utilising the FSI tool, and providing processed land at cheaper rates to encourage development and improve the availability of affordable housing across the city, Anshul Mishra, Member Secretary, Chennai Metropolitan Development Authority, had earlier told businessline. Commenting on Chennai’s ‘high rise’ transformation with 40+ floor residential flats, Bharat M Jain, Director of the Chennai-based Arihant Foundations & Housing, said the shif.