Maharashtra Pledges Progressive Real Estate Policies for Sustainable Growth
The Maharashtra government is committed to revamping its real estate policies to promote housing and infrastructure development, with a focus on sustainability and inclusive growth.
Maharashtra Real Estate PoliciesHousing Development MaharashtraNaredco Convention 2023Sustainable Development MaharashtraReal Estate GrowthReal Estate NewsSep 02, 2025
She emphasized that the state will make every possible effort to promote housing and infrastructure development. This is a crucial step in addressing the growing demand for affordable and sustainable housing in the state.
Niranjan Hiranandani, chairman of Naredco, highlighted the importance of the housing and real estate sector growing at a rate of at least 15% annually for India to achieve developed-nation status by 2047. This ambitious goal underscores the need for robust policy support and proactive measures from the government.
Bordikar, however, was non-committal on the issue of rationalizing stamp duty in Maharashtra. While no immediate promises were made on this front, she assured that the government is committed to progressive infrastructure development. The state is already actively pursuing this goal under the current regime.
Maharashtra is also prioritizing sustainable development to address water scarcity. Plans include revamping water resources and ponds to improve yield. This initiative aims to create a more resilient and sustainable environment, which is essential for long-term growth and development.
Smita Patil, president of Naredco-MAHI, urged the state government to extend comprehensive policy support to the real estate industry. She emphasized the need to address existing gaps and foster collaboration between the government and stakeholders to drive inclusive growth in infrastructure and housing.
The government's commitment to these policies is a significant step towards creating a more favorable environment for real estate development in Maharashtra. It is expected to boost investor confidence and attract more investments in the sector, ultimately contributing to the state's economic growth and development.
In conclusion, the Maharashtra government's commitment to revamping real estate policies is a positive move that aligns with the state's vision of sustainable and inclusive growth. By focusing on infrastructure development, housing, and sustainability, the government is laying a strong foundation for a prosperous future.
Frequently Asked Questions
What is the Maharashtra government's commitment to real estate policies?
The Maharashtra government is committed to framing infrastructure-related policies that promote housing and infrastructure development, aligning with changing requirements.
What is the target growth rate for the housing and real estate sector according to Naredco?
Naredco has emphasized that the housing and real estate sector must grow at a rate of at least 15% annually for India to achieve developed-nation status by 2047.
What is the government's stance on rationalizing stamp duty in Maharashtra?
While no immediate promises were made, the government is committed to progressive infrastructure development and is actively pursuing this goal.
What sustainable development initiatives are being planned in Maharashtra?
Maharashtra is prioritizing sustainable development to address water scarcity by revamping water resources and ponds to improve yield.
What is the role of Naredco-MAHI in promoting real estate development?
Naredco-MAHI is urging the state government to extend comprehensive policy support to the real estate industry, addressing existing gaps and fostering collaboration for inclusive growth.
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