Maharashtra Govt Pledges Support for Dynamic Real Estate and Housing Policies
Mrs. Meghana Sakore Bordikar, Minister of State, Government of Maharashtra, assured the industry of support for new infrastructure and housing policies during the NAREDCO 17th National Convention.
MaharashtraReal EstateHousing PoliciesInfrastructureSustainable DevelopmentReal Estate MaharashtraSep 03, 2025
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 the industry — would be duly considered in accordance with the current needs of the sector. However, Mrs. 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 also focusing on river connectivity and extending subsidies for primary infrastructure and basic amenities. Mrs. 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. Mr. 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 a 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 NAREDCO 17th National Convention?
The NAREDCO 17th National Convention, titled 'India Builds: Reimagining Growth through Real Estate and Infrastructure,' is a two-day event where industry leaders and government officials gather to discuss and shape the future of real estate and infrastructure in India.
What are the key recommendations submitted to the State Government?
The key recommendations include new town planning, sewage and water management, recycling of water, and incentives to the industry.
What is the Government's stance on rationalizing stamp duty in Maharashtra?
Mrs. Meghana Sakore Bordikar, the Minister of State, remained non-committal on the issue of rationalizing stamp duty in Maharashtra, stating that no immediate promises could be made on that front.
How is Maharashtra addressing water scarcity?
Maharashtra is prioritizing sustainable development to address water scarcity by revamping water resources and ponds for improved yield, focusing on river connectivity, and extending subsidies for primary infrastructure and basic amenities.
What is NAREDCO's goal for the real estate sector?
NAREDCO aims for the housing and real estate sector to grow at a rate of at least 15% annually to help India achieve developed-nation status well before the targeted year of 2047.
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