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The Tamil Nadu government has announced a new 'My Home' affordable housing scheme for middle-income families as part of the 2026–27 State Budget, aiming to improve homeownership through a public-private partnership (PPP) model. The scheme envisages an investment of INR15,000 crore over the next seven years, including INR3,500 crore as viability gap funding to encourage private sector participation. The state has allocated INR8,852 crore to the Housing and Urban Development Department, with additional initiatives including redevelopment of ageing tenements, an AI-powered governance platform and preparation of a comprehensive master plan for the expanded Chennai Metropolitan Area. The government said the housing initiative is intended to bridge the affordability gap for middle-income households while supporting planned urban development across Tamil Nadu.
The Tamil Nadu government has unveiled a new affordable housing initiative for middle-income families, marking one of the key announcements in the 2026–27 State Budget. Named the 'My Home' scheme, the programme aims to expand access to quality housing through a public-private partnership (PPP) model while addressing the growing demand for affordable urban homes. The proposed scheme involves a total investment of INR15,000 crore over the next seven years. To make projects financially viable and attract private developers, the government has proposed INR3,500 crore as viability gap funding, allowing affordable housing projects to be developed with public support while maintaining commercial feasibility.
As part of the budget, the government has allocated INR8,852 crore to the Housing and Urban Development Department. Besides the new housing programme, the department will also undertake redevelopment of ageing tenements, introduce an AI-powered governance platform to improve administrative efficiency, and prepare a comprehensive master plan for the expanded Chennai Metropolitan Area to support planned urban growth.
The housing scheme is intended to address the affordability challenges faced by middle-income households, a segment that often falls outside the scope of traditional affordable housing programmes while still finding market-priced homes beyond reach. By leveraging private sector participation, the government aims to increase housing supply without placing the entire financial burden on the public exchequer.
Officials said the initiative forms part of a broader strategy to strengthen urban infrastructure and improve housing availability as Tamil Nadu continues to urbanise rapidly. The accompanying reforms in digital governance and metropolitan planning are expected to support more efficient project implementation and coordinated urban development across the state.
The launch of the 'My Home' scheme reflects the state's focus on expanding homeownership opportunities for middle-income families while promoting sustainable urban development through integrated housing, infrastructure and planning initiatives.
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