Increasing Supply
of Affordable Housing
within Tamil Nadu
through Shelter Fund
Tamil Nadu Shelter Fund (TNSF) is an Indian Social ‘Impact’ Private Equity (PE) fund specializing in Affordable Housing projects. Guided by World Bank and ADB policies, the fund invests in Private and Public-Private Partnership (PPP) projects within Tamil Nadu.
- Category of AIF(s) :
Category I -Social Venture Fund - SEBI Registration Number(s) :
IN/AIF1/18-19/0566 - Name of the Fund Manager :
Mr. Sathanbabu Mathankumar
Investment Focus
TNSF invests in affordable housing projects, encompassing ownership and rental models, with the goal of benefiting economically weaker sections, lower income groups and vulnerable segments of the population through:
- Affordable ownership housing
- Rental housing for industrial workers
- Senior living and inclusive living
- Working women's hostels
- Co-living spaces
- Student hostels
Key Differentiators
Smart Investment
TNSF invests strategically in projects by sharing risks with developers through equity, Debt or Hybrid instruments.
Transparency assured
Clear and transparent investment process to foster trust.
Green and Social Focus
TNSF's expertise ensures projects are environmentally and socially responsible.
Positive social impact
Demonstrate impact to tier ii/iii populace especially women with projects impacting around 15,000 women.
Evaluation Criteria
TNSF evaluates projects based on the following factors:
- Projects must have sustainable designs and create a positive impact on society.
- Buildings must be certified as green under IFC EDGE, IGBC, GBCI, or equivalent certification.
- Promoters' track record and reputation are taken into account.
- Proximity to social and commercial infrastructure, such as schools, hospitals, and public transport, is considered.
Portfolio Impact
The fund activities are closely aligned with the following SDG’s.
KEY IMPACT
The fund activities are closely aligned with the following SDG’s.
Our Portfolio
Tamil Nadu Working Women's Hostels Corporation Limited was established by TN Govt. to provide accommodation for working women traveling for employment, training, and official visits from various districts and states under the Thozhi Hostel brand. Currently, 1,300 beds are operational across 13 locations.
Tamil Nadu Industrial Housing Private Limited (TNIHPL) is an initiative that aims to address the growing need for affordable and sustainable housing for industrial workers, particularly in Tamil Nadu. By focusing on locations in and around SIPCOT (State Industries Promotion Corporation of Tamil Nadu) industrial projects, TNIHPL seeks to create well-designed living spaces close to major industrial hubs. This helps workers stay near their workplaces, reducing commuting time and improving their quality of life.
Ambur Properties Private Limited aims at providing more than 1,100 affordable housing units catering to the Economically Weaker Sections and Low-Income group in an emerging tier III municipality, Ambur.
Kaivalyam Eco-Life Private Limited, is an innovative company focused on providing senior living solutions through a rental model situated in Pollachi, Tamil Nadu. This approach is distinct from the more common sale-based senior living facilities, aiming to reduce the financial burden on elderly individuals by offering affordable rental options. The project is designed with senior citizens in mind, focusing on their comfort, health, and well-being.
A private sector-led project, supported by TNIFMC, addresses the growing demand for affordable and sustainable Industrial Housing facility in Krishnagiri district, Tamil Nadu. The project enhances worker's well-being and supports inclusive industrial growth by providing well-designed living spaces close to a major industrial zone. On completion the project will house over ~35,000 industrial workers and is expected to receive a LEED Platinum certification.
The construction and development of 'VRX 360,' a 2,700-unit affordable development project in Thirumazhisai
Our Investors
Investment Committee
Mr. S. Mahalingam
Former CFO, TCS
Dr. N. Sundaradevan
IAS - Retired
Dr. P. Jayapal
Senior Executive Director, HUDCO (Former)