Maharashtra Unveils 2025 Housing Policy: 5 Key Highlights
The Maharashtra cabinet has approved the 2025 Housing Policy, aiming to construct 35 lakh affordable homes by 2030. The policy includes a boost for self-redevelopment, use of government land for affordable housing, and incentives for stalled real estate projects.
Housing PolicyReal EstateAffordable HomesRedevelopmentMaharashtraReal Estate MaharashtraMay 22, 2025
Here are five key takeaways from the newly announced policy:
1. First Comprehensive Housing Policy in Nearly 20 Years
The new policy—Majhe Ghar, Majha Adhikar (My Home, My Right)—marks Maharashtra’s first major housing policy update since 2007. Despite several draft proposals over the years, no policy was finalised until now. Officials said the update was long overdue, especially in light of the evolving housing needs post-COVID-19. “This roadmap was essential because the world has changed significantly, and housing demands have shifted,” Valsa Nair Singh, additional chief secretary, housing department, told reporters.
2. Self-Redevelopment Boost
According to data from CREDAI-MCHI, the apex body of real estate developers, over 25,000 buildings across the Mumbai Metropolitan Region (MMR) are eligible for redevelopment, with an estimated project value of more than ₹30,000 crore. Recognising this massive potential, the Maharashtra government has given a strong push to self-redevelopment in its newly approved housing policy. To support the initiative, the state has allocated ₹2,000 crore and proposed the formation of a dedicated cell to assist cooperative housing societies. This cell will provide end-to-end support—including guidance on planning, funding, developer selection, and project execution—empowering societies to undertake redevelopment independently.
3. Government Land to be Used for Affordable Housing
The Maharashtra government has set an ambitious target of generating an affordable housing stock of 35 lakh units by 2030. Under the new policy, the government aims to create a land bank for residential use by 2026. This initiative will be implemented in coordination with the Revenue Department, Forest Department, Maharashtra State Road Development Corporation, Water Resources Department, and the Industries Department, among others. Real estate developers believe this initiative will significantly impact the future supply of affordable housing in a city like Mumbai, where the Maharashtra Housing and Area Development Authority (MHADA) currently offers only a limited number of affordable homes through its lottery scheme.
4. Stalled Real Estate Projects to Get a Push
The new policy also seeks to boost slum rehabilitation by adopting a cluster redevelopment approach. To revive stalled real estate projects—including those involving slum rehabilitation—the Maharashtra government plans to introduce incentives under the cluster redevelopment scheme.
5. Incentivises Senior Living, Student Housing, and Promotes Walk to Work
The new housing policy backs the Prime Minister’s ‘walk-to-work’ vision by promoting residential development near employment hubs, particularly in industrial zones. To support this, the policy mandates that 10% to 30% of land allocated for amenity plots in industrial areas be reserved for residential purposes. Additionally, the Maharashtra government has eased norms related to taxation, stamp duty, and Floor Space Index (FSI) for developers and homebuyers involved in senior living and student housing projects—whether for sale, purchase, or lease.
Frequently Asked Questions
What is the main goal of the Maharashtra 2025 Housing Policy?
The main goal of the Maharashtra 2025 Housing Policy is to construct 35 lakh affordable homes by 2030, with an investment outlay of ₹70,000 crore.
What is the name of the new housing policy?
The new housing policy is named 'Majhe Ghar, Majha Adhikar' (My Home, My Right).
How much has the government allocated for self-redevelopment?
The Maharashtra government has allocated ₹2,000 crore for self-redevelopment initiatives.
What is the target for affordable housing stock by 2030?
The target for affordable housing stock by 2030 is 35 lakh units.
What percentage of land in industrial areas will be reserved for residential purposes?
The policy mandates that 10% to 30% of land allocated for amenity plots in industrial areas be reserved for residential purposes.
Related News Articles
Bengaluru's Luxury Housing Market Sees Significant Growth in H1 2024
Bengaluru's housing sales register 4% growth in H1 2024, with luxury homes priced at ₹1 crore and above witnessing 76% annual growth.
EBCO Promoter Ashley Biharilal Nagpal Makes Headlines with Rs 115 Crore Luxury Apartment Purchase in Mumbai
Real Estate News: EBCO promoter Ashley Biharilal Nagpal buys luxury apartment in Mumbai's Worli locality for a whopping Rs 115 crore, making it one of the most expensive residential transactions in India.
Ahmedabad's Real Estate Values Soar with New Jantri Rates
Ahmedabad's real estate market is witnessing a significant surge with the Gujarat Revenue Department proposing new jantri rates after a decade. The proposed rates in Thaltej, a prime location, are expected to have a major impact on property values and the
What ₹50 Lakh Can Buy You in Mumbai and the MMR Real Estate Market
Mumbai, the financial capital of India, is renowned for its exorbitant real estate prices. With apartments costing anywhere between ₹20,000 per square foot, it is a challenge for many to find affordable options. This article explores what you can get for
NearEstate.in Transforms the Real Estate Market with Cutting-Edge Virtual Property Tours
Emerging PropTech startup, NearEstate.in, based in Hyderabad's T-Hub, has revolutionized the real estate industry by offering over 1,500 virtual 360-degree property tours, providing a seamless and immersive experience for homebuyers and investors.
Core Integra Opens New Office in Pune: A Strategic Move in India’s Growing Tech Hub
Core Integra, a leading IT solutions provider, has announced the opening of its first office in Pune. This strategic move is aimed at tapping into the city's robust tech ecosystem and expanding its presence in the Indian market. With a significant number