T.N. government must create land banks to boost commercial real estate: experts
Experts at a real estate summit in Chennai have urged the Tamil Nadu government to establish land banks to support commercial real estate growth. They suggested adopting land pooling models similar to those used in Gujarat to mitigate high land costs.
Why it matters
Efficient land management is critical for sustaining the growth of Global Capability Centres and R&D hubs, which are vital to India's economic development.
While cities in Tamil Nadu are witnessing robust demand for commercial real estate, high land costs are constraining the supply of commercial spaces. To address this and sustain the momentum, the State government needs to create large land banks, speakers at the Real Estate and Urban Infrastructure Summit 2026 , organised by The Hindu and held at ITC Grand Chola in the city on Thursday (July 30, 2026), said.
Discussing the topic, ‘The New Growth Triangle: Manufacturing, GCCs and Real Estate’, the speakers, however, pointed out that while there is no single solution to the land supply issue, Gujarat’s land pooling model and land leasing mechanisms could help overcome high land costs that dictate the supply of land for commercial real estate development.
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