Maharashtra Cabinet Approves Ambitious State Housing Policy 2025
The Maharashtra cabinet has approved the state housing policy 2025, aimed at constructing 35 lakh homes with a ₹70,000 crore investment. The policy includes a ₹20,000 crore 'Maha Aawas Nidhi' to finance large-scale projects, addressing housing shortages and improving urban landscapes.
Maharashtra Housing Policy 2025Real EstateMaha Aawas NidhiRedevelopmentAffordable HousingReal Estate MaharashtraMay 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 to finance large-scale housing projects under the new policy framework.
Prashant Sharma, president, NAREDCO Maharashtra said, '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.'
The policy includes a strong focus on redevelopment, self-redevelopment, and social housing. To address delays in redevelopment and quality control issues, the policy includes the formation of a state-level grievance redressal committee. The committee will mediate between stakeholders and monitor quality standards in line with redevelopment commitments.
A dedicated self-redevelopment cell will also be set up to encourage cooperative housing societies to take up redevelopment independently. A ₹2,000 crore self-redevelopment fund will support such initiatives.
The policy introduces a rent-to-own model where working women, students, and industrial workers can initially occupy homes on rent for up to 10 years, with the option to gain ownership thereafter.
Niranjan Hiranandani, chairman, NAREDCO & Hiranandani Group, said, 'This comprehensive plan, with 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. Over time, this will generate tremendous demand for residential real estate, including townships and cluster developments.'
CSR funds will be mobilised to support social housing initiatives through public-private partnerships involving both developers and project enablers.
The government will also establish a centralised digital platform — State Housing Information Portal (SHIP) — to support data-driven housing decisions and project tracking.
Nishant Deshmukh, founder and managing partner, Sugee Group said, '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.'
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 a total investment outlay of ₹70,000 crore. The policy aims to address housing shortages and improve urban landscapes.
What is the 'Maha Aawas Nidhi' and how much funding will it provide?
The 'Maha Aawas Nidhi' is a ₹20,000 crore fund established at the state level to finance large-scale housing projects under the new policy framework.
What measures are included in the policy to address delays in redevelopment?
The policy includes the formation of a state-level grievance redressal committee to mediate between stakeholders and monitor quality standards in line with redevelopment commitments. A dedicated self-redevelopment cell will also be set up to encourage cooperative housing societies to take up redevelopment independently.
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 support social housing initiatives?
The policy will mobilize CSR funds to support social housing initiatives through public-private partnerships involving both developers and project enablers.
Related News Articles
Anant Raj Ltd Posts Impressive Q1 FY2025 Results with 63.5% Jump in Profit After Tax
Anant Raj Limited, a prominent player in the real estate sector, has announced its unaudited standalone financial results for Q1 FY2025, showcasing a significant surge in profit metrics.
Revolutionizing Diamond Exploration: Botswana Diamonds Embraces Artificial Intelligence
Botswana Diamonds PLC has initiated an artificial intelligence project to enhance its diamond exploration efforts, marking a significant milestone in the company's history.
Southern India's Real Estate Sector Set to Soar with SOUTHCON 2024
The Confederation of Real Estate Developers' Associations of India (CREDAI) hosts SOUTHCON 2024 in Vijayawada, promoting collaboration, innovation, and sustainable development in southern India's real estate sector.
SEBI Chief Madhabi Puri-Buch Faces Conflict of Interest Accusations Over REITs
Madhabi Puri-Buch, the chairperson of the Securities and Exchange Board of India (SEBI), has stated that she is often accused of having a conflict of interest when it comes to Real Estate Investment Trusts (REITs).
New-age Tech Stocks & IPOs: Ace Investor Mihir Vora Sees Huge Growth Potential
New-age internet companies are here to stay, with a vast consumer market and immense Total Addressable Market (TAM) offering a significant runway for growth.
Maharashtra Assembly Elections 2024: Maratha Quota Activist Manoj Jarange-Patil Speaks Out
Maratha quota activist Manoj Jarange-Patil has refuted claims that his agitation did not impact the recent Maharashtra assembly elections, which were dominated by the Mahayuti alliance of BJP, Shiv Sena, and NCP.