Tamil Nadu offers up to Rs. 2.59 Crore per Acre to speed up 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

Timeline and Expectations

The government aims to complete land acquisition within the next 12 months and begin construction shortly after. The airport is expected to be operational by 2030.