Maharashtra Govt Pledges Support for Housing and Real Estate Growth
The Government of Maharashtra has committed to framing favorable policies for housing and real estate, including infrastructure development and sustainable growth. The state is also focusing on water management and river connectivity to address water scarcity.
MaharashtraReal EstateHousingInfrastructureSustainable DevelopmentReal Estate NewsSep 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 — which include 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, Bordikar remained non-committal on the issue of rationalizing stamp duty in Maharashtra. She stated that while no immediate promises could be made on that front, the Government is committed to 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 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 of 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.”
The commitment from the Maharashtra Government is a significant step towards fostering a robust real estate and housing sector. By addressing key issues such as infrastructure development, water management, and policy support, the state aims to create a conducive environment for growth and investment in the real estate industry. This aligns with the broader goal of transforming India into a developed nation by 2047, with a strong emphasis on sustainable and inclusive development.
Frequently Asked Questions
What is the NAREDCO 17th National Convention?
The NAREDCO 17th National Convention is a two-day event titled “India Builds: Reimagining Growth through Real Estate and Infrastructure,” which focuses on developing new infrastructure policies and promoting growth in the real estate sector.
What are some of the key recommendations submitted to the State Government?
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?
The Government has not made any immediate promises on rationalizing stamp duty but is committed to progressive infrastructure development.
What is the state's focus on sustainable development?
Maharashtra is prioritizing sustainable development to address water scarcity, including revamping water resources and ponds, river connectivity, and extending subsidies for primary infrastructure and basic amenities.
What is the target growth rate for the housing and real estate sector in India?
The target growth rate for the housing and real estate sector in India is at least 15% annually to achieve developed-nation status by 2047.
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