Real Estate Maharashtra

Maharashtra GR 2026: Faster Housing Society Redevelopment

By GeoSquare News Desk · Published 2026-11-05

New GR Streamlines Redevelopment

Maharashtra has issued a Government Resolution (GR) dated 30 September 2026, replacing the earlier 2019 rules under Section 79A for housing society redevelopment. The new framework aims to cut delays and improve transparency for both societies and developers.

Key Changes for Societies

Societies can now hold general body meetings via video conference to meet quorum requirements, making it easier to pass resolutions. Public tenders are mandated for redevelopment projects, ensuring competitive bidding. Secret ballots will be used for key decisions, protecting member privacy.

Impact on Buyers and Investors

For property buyers and investors, the GR promises faster project approvals and clearer processes, potentially boosting supply in Mumbai and other cities. Existing members gain more control, while developers face stricter compliance, reducing project risks.

What This Means for the Market

Analysts expect the GR to accelerate redevelopment of old buildings, unlocking prime land parcels. This could lead to more inventory in the mid-income and premium segments, benefiting end-users and investors alike.