Real Estate India

Maharashtra's New SRA Policy to Deliver 60,000 Homes

By GeoSquare News Desk · Published 2026-11-01

Maharashtra has unveiled a revised Slum Rehabilitation Authority (SRA) framework with an ambitious target of delivering 60,000 homes. The new policy is designed to address long-standing issues of stalled projects and delayed approvals that have hampered affordable housing supply in Mumbai and Thane.

Key Reforms in the SRA Policy

The updated framework introduces transparent bidding processes for redevelopment projects, ensuring fair competition and reducing scope for arbitrary allotment. Additionally, single-window clearances will streamline the approval process, cutting down on bureaucratic delays that have historically plagued slum rehabilitation schemes.

Impact on Affordable Housing

By unblocking stalled projects, the policy is expected to accelerate the delivery of affordable homes in the Mumbai Metropolitan Region. Developers and investors are likely to gain confidence from the improved transparency and faster clearances, potentially attracting more private participation in the segment.

The move is part of a broader push to meet the state's housing needs, particularly for economically weaker sections and lower-income groups. With a focus on Mumbai and Thane, the policy aims to create a more predictable and efficient environment for slum redevelopment.