There have been many plans to rejuvenate Chetpet lake since the mid-1990s, including developing a boat club, an aquarium, seafood stall and fish court besides a walkway around the waterbody.

The CPR Environmental Education Centre conducted a detailed survey, and based on that, the state government appointed the Tamil Nadu Urban Infrastructure Finance Services Limited to prepare a project report.

[2] In May 2012, the Chennai Corporation Council adopted a resolution to construct a 1,475-m-long stormwater drain from the lake to the Cooum river at a cost of ₹ 22.9 million to carry excess water during monsoon.

[6] In April 2013, Chief Minister J. Jayalalithaa announced developing the lake with facilities for angling, water sports, boating and open-air auditoriums at a cost of ₹ 420 million.

[3] Other facilities include acupressure walkway, elevation aquarium, 3D film show, and a virtual reality centre on marine life.

[3] Parts of the project include an elevated link between Chetpet railway station and the eco park, infrastructure connecting Poonamallee High Road with the park, and construction of a box culvert beneath the railway tracks to connect the lake with Cooum River near Spur Tank Road.