HomeNews & MediaProperty NewsTamil Nadu offers up to Rs. 2.59 Crore per Acre to speed up Rs. 25,000 Crore Parandur Airport Project
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Tamil Nadu offers up to Rs. 2.59 Crore per Acre to speed up Rs. 25,000 Crore Parandur Airport Project

Jasmine Khurana

Jasmine Khurana

Real Estate Journalist

Mar 8, 2025
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Tamil Nadu offers up to Rs. 2.59 Crore per Acre to speed up Rs. 25,000 Crore Parandur Airport Project
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The Tamil Nadu government has announced an attractive compensation package of up to Rs. 2.59 crore per acre to expedite land acquisition for the ambitious Rs. 25,000 crore Parandur Airport Project...

Project Overview

The Parandur Airport is set to be Tamil Nadu's second international airport, designed to handle the growing air traffic in the region. The project is expected to create thousands of jobs and boost economic development.

    Compensation Details

    Landowners will receive up to Rs. 2.59 crore per acre, which is significantly higher than market rates. This generous compensation aims to ensure smooth land acquisition and timely project completion.

    • Compensation up to Rs. 2.59 crore per acre
    • Additional rehabilitation packages for affected families
    • Priority employment for local residents
    • Infrastructure development in surrounding areas
    • Fast-track approval process
    Tamil Nadu offers up to Rs. 2.59 Crore per Acre to speed up Rs. 25,000 Crore Parandur Airport Project - Image 2