The Maharashtra government has introduced the Housing Policy 2025, offering significant incentives for senior living housing projects, including reduced stamp duty and property tax concessions.
Senior LivingHousing PolicyReal EstateMaharashtraIncentivesReal Estate MumbaiMay 29, 2025
The new stamp duty for senior living properties in Maharashtra has been reduced to a flat ₹1,000, down from the current 5% to 7% of the property's value, depending on the location.
Buyers of senior living homes will receive property tax concessions in addition to the reduced stamp duty.
Key relaxations and incentives include higher permissible FSI, single-window clearance for approvals, concessions in development charges and GST, and permission for mixed-use development, allowing up to 15% commercial usage within senior housing projects.
The elderly population in Maharashtra is projected to rise significantly, reaching 17% by 2036, up from around 10% as per the 2011 Census.
Leading real estate developers such as Rustomjee Group and Dosti Realty are preparing to launch dedicated senior living housing projects in Maharashtra in the coming months.
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