Maharashtra Government Pledges Support for Real Estate and Infrastructure Development
The Maharashtra Government has committed to framing policies that promote housing and infrastructure, as discussed at the NAREDCO 17th National Convention. Key issues include town planning, water management, and sustainable growth.
Real EstateInfrastructureMaharashtraHousingSustainabilityReal EstateSep 02, 2025
Dr. Niranjan Hiranandani, Chairman of NAREDCO, called for a new blueprint of infrastructure policies in the present context. The Minister assured that recommendations submitted to the State Government at the conclusion of the convention — relating to new town planning, sewage and water management, recycling of water, and incentives to industry — would be duly considered in accordance with the current needs of the sector.
However, Bordikar remained non-committal on the issue of rationalizing stamp duty in Maharashtra. She added that while no immediate promises could be made on that front, the Government is committed to doing its best for progressive infrastructure development, which it is already actively pursuing under the current regime.
The State of Maharashtra is also prioritizing sustainable development to address water scarcity. Plans include revamping water resources and ponds for improved yield. With support from the Central Government, Maharashtra is focusing on river connectivity and extending subsidies for primary infrastructure and basic amenities.
Smita Patil, President of MAHI, NAREDCO, urged the State Government to extend comprehensive policy support to the real estate industry so that existing gaps are addressed and collaboration between the Government and stakeholders can drive inclusive growth in infrastructure and housing.
Dr. Hiranandani, in his remarks, emphasized that the housing and real estate sector must grow at a rate of at least 15% annually for India to achieve developed-nation status well before the targeted year of 2047.
Prashant Sharma, President, NAREDCO Maharashtra, said, “We welcome the Government’s commitment to progressive, infrastructure-led policies. What the sector needs is consistency, transparency, and ease of doing business to boost investor confidence. With focus on town planning, water management, and sustainable growth, Maharashtra can cement its position as India’s leading real estate destination, and NAREDCO Maharashtra is ready to partner in this journey.”
Frequently Asked Questions
What is the main focus of the NAREDCO 17th National Convention?
The main focus of the NAREDCO 17th National Convention is to reimagine growth through real estate and infrastructure, addressing key issues like town planning, water management, and sustainable development.
What specific recommendations did the Minister of State, Government of Maharashtra, commit to considering?
The Minister committed to considering recommendations on new town planning, sewage and water management, recycling of water, and incentives to industry.
What is the stance of the Maharashtra Government on rationalizing stamp duty?
The Maharashtra Government is non-committal on rationalizing stamp duty, stating that while no immediate promises can be made, they are committed to progressive infrastructure development.
What are the plans for addressing water scarcity in Maharashtra?
Maharashtra is focusing on revamping water resources and ponds for improved yield, river connectivity, and extending subsidies for primary infrastructure and basic amenities to address water scarcity.
What is the target growth rate for the housing and real estate sector to achieve developed-nation status?
Dr. Niranjan Hiranandani emphasized that the housing and real estate sector must grow at a rate of at least 15% annually for India to achieve developed-nation status well before the targeted year of 2047.
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