CMDA to exit construction, stick to urban planning | Chennai News
Chennai: After burning through nearly ₹3,000 crore in two years and slipping into a negative balance of ₹1,500 crore, the Chennai Metropolitan Development Authority (CMDA) has decided to exit construction activity and, instead, stay within its core mandate of urban planning and approvals.In the last two years, the CMDA funded for Vada Chennai Valarchi Thittam,…