Maharashtra Approves Ambitious Housing Policy: Real Estate Industry Applauds Move
The Maharashtra Cabinet has approved a new housing policy, ‘Majhe Ghar – Majhe Adhikar,’ aimed at constructing 3.5 million homes over the next five years with an investment of ₹70,000 crore. The real estate sector welcomes this initiative, calling it a game-changer for inclusive urban development.
Housing PolicyReal EstateMaharashtraInclusive DevelopmentUrban GrowthReal Estate NewsMay 21, 2025
The real estate sector has welcomed the government’s initiative, calling it a game-changer for Maharashtra’s housing ecosystem. The policy is designed to ensure that housing development is not only rapid but also inclusive, catering to various income groups and addressing the long-standing issue of housing shortages.
Commenting on the new housing policy, Prashant Sharma, President, NAREDCO Maharashtra said that the new policy is a commendable step in realizing the vision of Housing for All in Maharashtra. “With a robust investment plan of ₹70,000 crore and a clear target of constructing 3.5 million homes over the next five years, the government is prioritizing inclusive urban development. 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.”
Nishant Deshmukh, Founder and Managing Partner, Sugee Group, hailed it as a landmark decision with the potential to change the face of urban housing in Maharashtra. The comprehensive approach — from slum rehabilitation to providing homes for working women, senior citizens, and laborers — reflects the government’s inclusive vision. 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.
Shraddha Kedia-Agarwal, Director, Transcon Developers, praised the new housing policy as a forward-looking initiative that addresses both the urban housing deficit and the needs of vulnerable segments of society. “The focus on sustainable and eco-friendly development resonates strongly with our philosophy. By setting a goal to build 35 lakh homes and enabling infrastructure through the MahaAwas Fund, the state government is laying a solid foundation for holistic growth, women-centric housing planning, and improved liveability across Maharashtra.”
Samyak Jain, Director, Siddha Group, added that the policy is a timely intervention that addresses the pressing need for affordable and inclusive housing across Maharashtra. “The emphasis on slum redevelopment and housing for EWS, LIG, and MIG categories aligns well with the aspirations of millions. We welcome the state’s commitment towards sustainable, eco-friendly homes and believe that public-private collaboration under this policy will play a key role in transforming the housing ecosystem and uplifting urban communities.”
Frequently Asked Questions
What is the new housing policy approved by the Maharashtra Cabinet?
The new housing policy, titled ‘Majhe Ghar – Majhe Adhikar’ (My Home – My Rights), aims to construct 3.5 million homes over the next five years with an investment of ₹70,000 crore.
What are the key features of the policy?
Key features include a focus on slum rehabilitation, redevelopment, and the creation of a MahaAwas Fund to address housing shortages and improve the urban landscape.
How is the real estate sector reacting to the policy?
The real estate sector has welcomed the policy, praising it as a game-changer for inclusive urban development and a significant boost to the industry.
What is the investment outlay for the housing policy?
The investment outlay for the housing policy is ₹70,000 crore.
Who will benefit from this policy?
The policy aims to benefit various income groups, including EWS, LIG, and MIG categories, as well as vulnerable segments like working women, senior citizens, and laborers.
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