Maharashtra Govt. Unveils Housing Policy 2025: 35 Lakh Affordable Homes by 2030
The Maharashtra government has approved the Housing Policy 2025, aiming to construct 35 lakh affordable homes by 2030. The policy includes support for self-redevelopment of ageing buildings and a rent-to-own model to benefit various socio-economic groups.
MaharashtraAffordable HousingHousing Policy 2025RedevelopmentRenttoownReal Estate MaharashtraMay 23, 2025
A key highlight of the policy is the support for the self-redevelopment of ageing buildings. The government has allocated Rs 2,000 crore to a dedicated cell that will assist cooperative housing societies in planning, financing, selecting developers, and executing redevelopment projects independently. This move is expected to modernize and revitalize older residential areas, ensuring they meet contemporary living standards and safety norms.
The policy also introduces a groundbreaking rent-to-own model, which is particularly beneficial for working women, students, and industrial workers. Under this model, tenants can occupy homes for up to 10 years with the option to purchase them later. This innovative approach provides long-term housing stability and a pathway to homeownership, addressing the growing demand for affordable housing solutions.
Deputy Chief Minister and Housing Minister Eknath Shinde highlighted the importance of the policy in contributing to the Rs 20,000 crore viability gap fund recommended by NITI Aayog for the Mumbai Metropolitan Region’s G-Hub. The government's contribution through the Affordable Housing Fund is expected to boost investor confidence and attract more private sector participation. This, in turn, will enhance the overall development of the region and ensure that housing projects are financially viable and sustainable.
The Housing Policy 2025 is a comprehensive and forward-looking strategy that aims to bridge the housing gap and improve the quality of life for millions of residents in Maharashtra. By focusing on affordable housing, self-redevelopment, and innovative models like rent-to-own, the policy addresses the diverse needs of the population and sets a benchmark for other states to follow. The government's commitment to this initiative reflects its dedication to creating a more inclusive and equitable society, where every citizen has access to a safe and affordable home.
Frequently Asked Questions
What is the target of the Housing Policy 2025 in Maharashtra?
The Housing Policy 2025 aims to construct 35 lakh affordable homes by 2030, with a projected investment of Rs 70,000 crore.
How will the policy support the redevelopment of ageing buildings?
The policy allocates Rs 2,000 crore to a dedicated cell that will assist cooperative housing societies in planning, financing, selecting developers, and executing redevelopment projects independently.
What is the rent-to-own model introduced in the policy?
The rent-to-own model allows tenants to occupy homes for up to 10 years with the option to purchase them later, providing long-term housing stability for working women, students, and industrial workers.
How much is the viability gap fund recommended by NITI Aayog for the Mumbai Metropolitan Region’s G-Hub?
The viability gap fund recommended by NITI Aayog for the Mumbai Metropolitan Region’s G-Hub is Rs 20,000 crore.
What is the role of the Affordable Housing Fund in this policy?
The Affordable Housing Fund is expected to boost investor confidence and attract more private sector participation, ensuring that housing projects are financially viable and sustainable.
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