7 Key Points About Maharashtra's Housing Policy 2025
Discover the key highlights of Maharashtra's Housing Policy 2025, aimed at constructing 35 lakh affordable homes and boosting the real estate sector.
Affordable HomesReal EstateMaharashtraHousing PolicyRedevelopmentReal Estate NewsMay 26, 2025
The policy also earmarks ₹70,000 crore to support homebuyers, developers, and key players across the housing sector. This substantial investment is expected to stimulate the construction industry and create numerous job opportunities, contributing to the overall economic growth of the state.
This is the first major update to Maharashtra's housing policy since 2007, titled 'Majhe Ghar, Majha Adhikar' (My Home, My Right). The policy focuses on several key areas, including self-redevelopment, revival of stalled projects, and support for senior and student housing.
To boost self-redevelopment, the policy sets aside ₹2,000 crore and establishes a support cell to assist housing societies in the redevelopment process. This initiative is expected to modernize aging housing complexes and improve living conditions for residents.
The policy also includes incentives for cluster redevelopment to revive stalled real estate and slum rehabilitation projects. These incentives are designed to attract developers and investors, ensuring that these projects are completed and benefit the communities they serve.
In addition to these measures, the policy introduces easier tax, Floor Space Index (FSI), and stamp duty norms for projects focused on senior living and student housing. These changes are expected to make housing more affordable and accessible for these specific groups, addressing their unique needs and preferences.
Another notable aspect of the policy is the focus on walk-to-work lifestyles. The policy mandates that 10–30% of amenity plots in industrial zones must be earmarked for residential use. This initiative aims to create more integrated communities where residents can live and work in close proximity, reducing commuting time and improving quality of life.
Overall, the Housing Policy 2025 is a comprehensive and forward-looking initiative that addresses the diverse housing needs of Maharashtra's residents. It is expected to have a significant positive impact on the state's economy and social well-being, making it a crucial step towards achieving the goal of 'Housing for All'.
Frequently Asked Questions
What is the main goal of Maharashtra's Housing Policy 2025?
The main goal of Maharashtra's Housing Policy 2025 is to construct 35 lakh affordable homes over the next five years and address the housing needs of the growing population.
How much investment is earmarked for the Housing Policy 2025?
The policy earmarks ₹70,000 crore to support homebuyers, developers, and key players across the housing sector.
What is the significance of the 'Majhe Ghar, Majha Adhikar' policy?
The 'Majhe Ghar, Majha Adhikar' policy marks the first major update to Maharashtra's housing policy since 2007, focusing on affordable housing and self-redevelopment.
What incentives are provided for cluster redevelopment?
The policy includes incentives for cluster redevelopment to revive stalled real estate and slum rehabilitation projects, attracting developers and investors.
What is the walk-to-work focus in the policy?
The policy mandates that 10–30% of amenity plots in industrial zones must be earmarked for residential use to support walk-to-work lifestyles and create more integrated communities.
Related News Articles
IAS Officer's Mother Served Notice Over Illegal Structures, Police File FIR
Pune civic body issues notice to Manorama Khedkar, mother of controversial IAS officer Puja Khedkar, over unauthorized structures adjacent to their bungalow.
The End of Indexation Benefits on Property Sales Sparks Debate
The removal of indexation benefits on property sales has sparked a debate on its impact on the real estate industry and taxpayers.
Magicbricks: New and Resale Property Listings Equal in Q4 2024
New Delhi, Jan 14 (PTI) The share of new and resale properties listed on the real estate platform Magicbricks was almost equal during the fourth quarter of 2024, indicating a balanced market demand in the property sector.
Understanding the Jurisdiction of Real Estate Regulatory Authorities in Maharashtra
The jurisdiction of the Maharashtra Real Estate Regulatory Authority (MahaRERA) remains intact despite challenges from developers. This article delves into the legal framework and recent developments surrounding MahaRERA's authority.
Kiyosaki Predicts Looming Market Crash: Advice for Investors
Renowned investor Robert Kiyosaki has issued a stark warning about the potential for a major market crash, urging investors to diversify their portfolios with real estate, gold, silver, and Bitcoin.
Bridgemark Real Estate Q4 2024: Strong Revenue Growth and Network Expansion
Bridgemark's realtor network expanded to over 20,000 professionals, and the Canadian real estate market saw a 12% increase, with Quebec leading the charge with robust growth.