Maharashtra Approves Ambitious Housing Policy 2025: Major Investments and Initiatives
The Maharashtra cabinet has approved a comprehensive housing policy 2025, aiming to construct 35 lakh homes over the next five years with a ₹70,000 crore investment. Key initiatives include the formation of a ₹20,000 crore 'Maha Aawas Nidhi' and a rent-to-own model for working women, students, and industrial workers.
Maharashtra Housing Policy 2025Maha Aawas NidhiRedevelopmentRenttoownSocial HousingReal Estate NewsMay 20, 2025
As part of the implementation strategy, the cabinet has cleared the formation of a ₹20,000 crore 'Maha Aawas Nidhi' at the state level. This fund will finance large-scale housing projects under the new policy framework, ensuring that resources are available to meet the housing needs of the state's growing population.
Prashant Sharma, president of NAREDCO Maharashtra, expressed optimism about the policy. “The focus on slum rehabilitation, redevelopment, and the creation of a MahaAwas Fund will be instrumental in addressing the housing shortage and improving the urban landscape. We believe this progressive policy will provide a significant boost to real estate, create large-scale employment, and ensure dignified living for citizens across income groups,” he said.
The policy places a strong emphasis on redevelopment, self-redevelopment, and social housing. To address delays and quality control issues in redevelopment projects, a state-level grievance redressal committee will be formed. This committee will mediate between stakeholders and monitor quality standards to ensure that redevelopment commitments are met.
A dedicated self-redevelopment cell will also be established to encourage cooperative housing societies to take up redevelopment independently. A ₹2,000 crore self-redevelopment fund will support these initiatives, providing the necessary financial backing for such projects.
One of the most innovative aspects of the policy is the introduction of a rent-to-own model. This model allows working women, students, and industrial workers to initially occupy homes on rent for up to 10 years, with the option to gain ownership thereafter. This initiative is designed to provide affordable housing solutions for those who may not have the means to purchase a home outright.
Niranjan Hiranandani, chairman of NAREDCO and the Hiranandani Group, praised the policy's comprehensive approach. “This plan, with its strategic emphasis on rental housing for working women, students, and industrial workers, is a transformative step toward addressing the urgent need for affordable urban housing. Initiatives such as the walk-to-work model near employment hubs, supported by robust multi-modal infrastructure and last-mile connectivity, will catalyze industrial and commercial real estate, paving the way for an integrated urban development model,” he said.
To support social housing initiatives, the government will mobilize CSR funds through public-private partnerships involving both developers and project enablers. This approach will ensure that resources are leveraged effectively to provide housing for those in need.
The government will also establish a centralized digital platform called the State Housing Information Portal (SHIP). This platform will support data-driven housing decisions and project tracking, ensuring transparency and efficiency in the implementation of the policy.
Nishant Deshmukh, founder and managing partner of Sugee Group, highlighted the potential impact of the policy. “With strategic funding and transparent implementation, this policy can unlock massive redevelopment opportunities in cities like Mumbai, while also ensuring social equity and improved quality of life,” he said.
Overall, the Maharashtra Housing Policy 2025 represents a significant step forward in addressing the state's housing challenges. With a focus on innovation, transparency, and public-private collaboration, it is poised to make a meaningful difference in the lives of millions of Maharashtrians.
Frequently Asked Questions
What is the main goal of the Maharashtra Housing Policy 2025?
The main goal of the Maharashtra Housing Policy 2025 is to construct 35 lakh homes over the next five years with an investment outlay of ₹70,000 crore, addressing the housing shortage and improving the urban landscape.
What is the 'Maha Aawas Nidhi'?
The 'Maha Aawas Nidhi' is a ₹20,000 crore fund formed at the state level to finance large-scale housing projects under the new policy framework.
What is the rent-to-own model introduced in the policy?
The rent-to-own model allows working women, students, and industrial workers to initially occupy homes on rent for up to 10 years, with the option to gain ownership thereafter.
How will the policy address delays in redevelopment projects?
The policy includes the formation of a state-level grievance redressal committee to mediate between stakeholders and monitor quality standards, ensuring that redevelopment commitments are met.
What is the State Housing Information Portal (SHIP)?
The State Housing Information Portal (SHIP) is a centralized digital platform that will support data-driven housing decisions and project tracking, ensuring transparency and efficiency in the implementation of the policy.
Related News Articles
Dholera SIR Sees Rs 20-30 Billion Annual Investment in Real Estate
The Aaiji Group has already completed two real estate projects in the region, with two more under development.
Searching for Affordable Homes in Mumbai's Sky-High Real Estate Market
Mumbai's real estate market is notorious for its soaring property prices, making it exceedingly difficult for the working class to find affordable homes. Despite the challenges, some areas offer relatively cheaper options, though they come with their own
The Rise of Open and Democratised AI: A Global Perspective
The Paris AI Summit marked a significant shift in the global AI landscape, highlighting the importance of inclusivity, cost-efficiency, and open-source development. India's commitment to open and ethical AI is reshaping the future of AI worldwide.
Delhi NCR Sees 66% Surge in Housing Sales: PropEquity's Latest Insights
PropEquity, a leading real estate analytics firm, reports a 66% surge in housing sales in the Delhi NCR region, outpacing cities like Mumbai in the ultra-luxury market. This growth is driven by a combination of economic stability, improved infrastructure,
Equity Investments in Real Estate Surpass $2.9 Billion in Q1 CY25, Marking a 74% Increase
Bengaluru, Mumbai, and Delhi-NCR lead the surge in real estate equity investments, accounting for 67% of the total inflows.
Maharashtra Approves Ambitious Housing Policy 2025: Major Investments and Initiatives
The Maharashtra cabinet has approved a comprehensive housing policy 2025, aiming to construct 35 lakh homes over the next five years with a ₹70,000 crore investment. Key initiatives include the formation of a ₹20,000 crore 'Maha Aawas Nidhi' and a rent-to-own model for working women, students, and industrial workers.