Maharashtra's New Housing Policy: A Transformative Step for Real Estate
Maharashtra has approved the ₹70,000 crore 'Majhe Ghar – Majhe Adhikar' housing policy, aiming to build 35 lakh homes over the next five years. Real estate leaders hail it as a significant move towards inclusive urban development.
Housing PolicyReal EstateMaharashtraInclusive DevelopmentUrban PlanningReal EstateMay 24, 2025
The move has been widely applauded by the real estate industry, which has hailed it as a transformative push for the state’s housing landscape. Mr. Prashant Sharma, President of NAREDCO Maharashtra, expressed his support, stating, “The 'Majhe Ghar – Majhe Adhikar' policy is a commendable step in realising the vision of Housing for All in Maharashtra. With a robust investment plan of ₹70,000 crore and a clear target of constructing 3.5 million homes over the next five years, the government is prioritising inclusive urban development. The focus on slum rehabilitation, redevelopment, and the creation of a MahaAwas Fund will be instrumental in addressing the housing shortage and improving the urban landscape. We believe this progressive policy will provide a significant boost to real estate, create large-scale employment, and ensure dignified living for citizens across income groups.”
Mr. Nishant Deshmukh, Founder and Managing Partner of Sugee Group, added, “The announcement of the 'Majhe Ghar – Majhe Adhikar' housing policy is a landmark decision with the potential to change the face of urban housing in Maharashtra. The comprehensive approach — from slum rehabilitation to providing homes for working women, senior citizens, and labourers — reflects the government’s inclusive vision. With strategic funding and transparent implementation, this policy can unlock massive redevelopment opportunities in cities like Mumbai, while also ensuring social equity and improved quality of life.”
Ms. Shraddha Kedia-Agarwal, Director of Transcon Developers, commented, “The new housing policy is a forward-looking initiative that addresses both the urban housing deficit and the needs of vulnerable segments of society. The focus on sustainable and eco-friendly development resonates strongly with our philosophy. By setting a goal to build 35 lakh homes and enabling infrastructure through the MahaAwas Fund, the state government is laying a solid foundation for holistic growth, women-centric housing planning, and improved liveability across Maharashtra.”
Mr. Samyak Jain, Director of Siddha Group, noted, “This visionary housing policy is a timely intervention that addresses the pressing need for affordable and inclusive housing across Maharashtra. The emphasis on slum redevelopment and housing for EWS, LIG, and MIG categories aligns well with the aspirations of millions. We welcome the state’s commitment towards sustainable, eco-friendly homes and believe that public-private collaboration under this policy will play a key role in transforming the housing ecosystem and uplifting urban communities.”
Frequently Asked Questions
What is the 'Majhe Ghar – Majhe Adhikar' policy?
The 'Majhe Ghar – Majhe Adhikar' policy is a housing initiative by the Maharashtra government aimed at constructing 35 lakh homes over the next five years with an investment of ₹70,000 crore. It focuses on inclusive urban development and addresses the housing needs of various segments of society.
How much is the investment for this housing policy?
The 'Majhe Ghar – Majhe Adhikar' policy involves a massive investment of ₹70,000 crore to build 35 lakh homes over the next five years.
Who will benefit from this policy?
The policy aims to benefit a wide range of people, including those in slums, working women, senior citizens, and labourers, by providing affordable and inclusive housing options.
What are the key features of the 'Majhe Ghar – Majhe Adhikar' policy?
Key features include slum rehabilitation, redevelopment, the creation of a MahaAwas Fund, and a focus on sustainable and eco-friendly development to address the urban housing deficit and improve liveability.
How is the real estate industry reacting to this policy?
The real estate industry has widely applauded the policy, seeing it as a transformative step towards inclusive urban development and a significant boost to the sector.
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