Maharashtra Govt Pushes for Self-Redevelopment of Housing Societies: CM Fadnavis

Maharashtra's Chief Minister Devendra Fadnavis has announced that a government resolution (GR) will be issued soon to facilitate the self-redevelopment of cooperative housing societies, aiming to provide bigger homes in Mumbai.

SelfredevelopmentCooperative HousingMumbaiDevendra FadnavisEknath ShindeReal Estate MumbaiJul 14, 2025

Maharashtra Govt Pushes for Self-Redevelopment of Housing Societies: CM Fadnavis
Real Estate Mumbai:The long-pending dream of many people for bigger homes in Mumbai will soon be realized through the state's push for self-redevelopment of cooperative housing societies, CM Devendra Fadnavis said on Monday. According to a report by PTI, Fadnavis addressed a meeting where the Self-Redevelopment, Group Self-Redevelopment Study Committee, headed by BJP MLC Pravin Darekar, presented its report.

Fadnavis praised the committee for submitting the report ahead of schedule and highlighted its 'in-depth and practical recommendations.' He said that the report would be forwarded to the departments of Housing, Cooperation, and Urban Development for feedback, after which a cabinet proposal would be finalized.

A government resolution (GR) will be issued shortly, and a status report will be presented during the winter session of the state legislature, Fadnavis added. 'Implementation of key recommendations (of the study committee) will accelerate stalled housing projects and help turn the dream of a beautiful and spacious home into reality for many people in Mumbai,' the CM further stated.

The self-redevelopment concept was introduced in 2019, with 18 of the 19 demands raised during the last convention of cooperative societies already fulfilled. However, more clarity and policy reforms were needed, leading to the formation of this study committee on April 24, 2025, under the leadership of Darekar.

The committee has recommended financing solutions, streamlined guidelines, and specific provisions for slum redevelopment, cess and non-cess buildings, aviation regulations, and deemed conveyance reforms. CM Fadnavis also mentioned that the National Cooperative Development Corporation (NCDC) would provide financial assistance for these projects. Union Cooperative Minister Amit Shah has been approached for Central support.

Deputy Chief Minister Eknath Shinde highlighted the benefits of the self-redevelopment model, noting that residents are getting homes between 1,200 to 1,600 sq. ft., as no private developers are involved. 'Small housing projects benefit people directly, which will help realize the dream of every Mumbaikar to own a spacious home. It also offers an opportunity for those who had left Mumbai to return,' Shinde added.

The committee's recommendations will be positively considered, and the Mumbai District Cooperative Bank has already supported the initiative by accepting around 1,600 proposals for redevelopment from housing societies.

This initiative is expected to significantly improve the quality of life for many residents in Mumbai, offering them the chance to live in larger, more comfortable homes without the involvement of private developers. The government's commitment to this program reflects its dedication to addressing the housing needs of the city's growing population.

Frequently Asked Questions

What is the self-redevelopment concept introduced by the Maharashtra government?

The self-redevelopment concept allows cooperative housing societies to redevelop their properties without the involvement of private developers. This initiative aims to provide residents with larger, more spacious homes.

Who headed the Self-Redevelopment, Group Self-Redevelopment Study Committee?

The committee was headed by BJP MLC Pravin Darekar.

What are some of the key recommendations made by the study committee?

The committee recommended financing solutions, streamlined guidelines, and specific provisions for slum redevelopment, cess and non-cess buildings, aviation regulations, and deemed conveyance reforms.

How many housing societies have submitted proposals for redevelopment?

Around 1,600 housing societies have submitted proposals for redevelopment.

What is the role of the National Cooperative Development Corporation (NCDC) in this initiative?

The NCDC will provide financial assistance for these projects, and Union Cooperative Minister Amit Shah has been approached for Central support.

Related News Articles

Market Movers: Top Stocks to Watch on July 3, 2024
real estate news

Market Movers: Top Stocks to Watch on July 3, 2024

Vraj Iron, YES Bank, RVNL, Zomato, HDFC Bank, HCL Tech, IEX, and D-Mart are among the top stocks that may remain under spotlight before the opening bell on Wednesday.

July 3, 2024
Read Article
Prestige Estates to Launch 43 New Real Estate Projects Across 7 Cities
Real Estate Pune

Prestige Estates to Launch 43 New Real Estate Projects Across 7 Cities

The company has a total land bank of 260 acres across Bengaluru, Mangaluru, Mysuru, and Pune.

August 6, 2024
Read Article
AIPL Expands Rental Portfolio to 5 Million Sq Ft, Aiming to Strengthen Its Position in Indian Real Estate
Real Estate Mumbai

AIPL Expands Rental Portfolio to 5 Million Sq Ft, Aiming to Strengthen Its Position in Indian Real Estate

AIPL has expanded its rental portfolio to 5 million sq ft, marking a significant milestone in its growth journey. The company aims to further strengthen its position in the Indian real estate market.

September 4, 2024
Read Article
Hogan Lovells Facilitates Invesco Real Estate's Sale of Time Building to Fabrica Immobiliare SGR
Real Estate

Hogan Lovells Facilitates Invesco Real Estate's Sale of Time Building to Fabrica Immobiliare SGR

Global law firm Hogan Lovells has advised Invesco Real Estate on the sale of Time Building, an iconic office building located in the centre of Milan, to a real estate fund owned by Fabrica Immobiliare SGR S.p.A.

September 28, 2024
Read Article
Abhinandan Lodha's House Pushes Forward with Projects in Amritsar, Varanasi, and Vrindavan
Real Estate Mumbai

Abhinandan Lodha's House Pushes Forward with Projects in Amritsar, Varanasi, and Vrindavan

Mumbai-based The House of Abhinandan Lodha, a renowned real estate firm, has announced new projects in the cultural hubs of Amritsar, Varanasi, and Vrindavan. These projects aim to blend modern amenities with the rich cultural heritage of these cities.

November 10, 2024
Read Article
Supreme Court Urges Transparency in Land Allotment by Maharashtra Government
Real Estate Maharashtra

Supreme Court Urges Transparency in Land Allotment by Maharashtra Government

The Supreme Court has highlighted the need for transparency in land distribution, particularly in the context of a proposed housing society in Maharashtra.

December 13, 2024
Read Article