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The Tamil Nadu government will soon come out with a new housing and residential policy to enable housing for all, Chief Minister Edappadi K Palaniswami told the State Assembly.
The policy, that will focus on low income groups, will help bring down housing cost, provide space for affordable housing, ensure basic infrastructure and amenities, upgrade urban infrastructure and create sustainable cities. Regulations, including master plan and development control rules, will be amended to ensure time-bound, single-window clearances.
The Tamil Nadu Housing Board will use funds under the Transferable Development Rights and the government’s funding to build 6,874 houses at an estimated cost of ₹676 crore in Ernavur, North Chennai. Under the Prime Minister’s Housing Scheme, 1.86 lakh houses will be built under the beneficiary-led scheme at a total cost of ₹5,589 crore.
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