TNRERA's latest circular ramps up penalties for developers selling plots or flats in Vellore before registration, with base fines up to ₹15,000 per unit or 2% of project cost. Extra charges hit 50% for 10-50 illegal sales and 100% beyond that, aiming to shield buyers and enforce compliance in Vellore's real estate scene.
Modern plotted developments in Vellore are transforming housing with luxury villas, gated communities, and smart amenities, driven by infrastructure growth and government initiatives.
Vellore's real estate market is experiencing a 10% annual growth due to increased demand, infrastructure improvements, and its growing importance as an educational and healthcare hub.
Chennai-based Sameera Group announces ₹500 crore investment to develop 1,000 senior living homes in Bengaluru, Chennai, Vellore, and Kancheepuram, partnering with Vedaanta Senior Living to address South India's aging population needs and redefine senior care infrastructure.