Industry Leaders Push for Strategic Planning Document
The Confederation of Real Estate Developers' Associations of India (CREDAI) Trichy chapter is putting more pressure on the Tamil Nadu government to speed up the release of the city's comprehensive master development plan for 2041. This strategic document is crucial for unlocking Trichy's development potential, while neighbouring Coimbatore got its master plan approval in July 2025.
R Manoharan, the CREDAI Trichy president, stressed the urgent need: "The master plan for Coimbatore was released recently, but for Trichy, the wait continues. We can't explore new areas". The delayed release significantly hampers developers' ability to identify promising locations and plan new residential projects strategically.
Infrastructure Boom Drives Market Optimism
Trichy's real estate sector sees unprecedented momentum driven by multiple infrastructure initiatives. The airport expansion project, along with the new Panjapur bus terminus and upcoming Tidel Park, has transformed market dynamics substantially. These infrastructure developments are attracting buyers from neighbouring districts, reducing travelling time and creating strong demand for residential properties.
The recent FairPro 2025 property expo demonstrated this growth trajectory, achieving record sales of Rs 16 crore, a remarkable 45% increase from the previous year's Rs 11 crore. This three-day event showcased 2,000 residential units from 29 RERA-approved developers, with properties ranging from Rs 35 lakh to Rs 5 crore.
CHIRA Vision Awaits Implementation
The proposed master plan envisions "CHIRA-2041," representing Culture, Heritage, Industries, River restoration, and Agriculture. This comprehensive framework would provide essential land classification and zoning guidelines, enabling developers to venture into emerging areas confidently. Without these regulatory clarifications, the industry faces significant planning constraints that limit growth potential and strategic investment decisions.