Pune Developers and Experts React to Maharashtra's New 'Majhe Ghar – Majhe Adhikar' Housing Policy
Maharashtra's new housing policy, 'Majhe Ghar – Majhe Adhikar', aims to construct 3.5 million homes in the next five years. Pune's real estate experts and developers share their insights on this ambitious initiative.
Housing PolicyReal EstatePuneMaharashtraAffordable HousingReal Estate NewsMay 26, 2025
This is what Pune real estate experts and developers have to say:
CREDAI Pune-Metro president Manish Jain:
“We congratulate Chief Minister Devendra Fadnavis on the landmark approval of the State Housing Policy 2025. This visionary move, coming after nearly two decades, lays a strong foundation for inclusive, affordable, and resilient urban growth across Maharashtra. With a focused commitment to build 35 lakh homes for EWS and LIG communities by 2030, and provisions for women, students, senior citizens, and industrial workers, the policy is a timely and progressive step towards housing for all. This will also boost employment and the economy while helping lakhs of citizens with the basic needs of their own homes. CREDAI Pune Metro wholeheartedly supports this initiative and stands ready to collaborate with the government to ensure its successful implementation. Together, we can make dignified housing a reality for every citizen.”
Shantilal Kataria, Executive Council Member & Former President, CREDAI Maharashtra & CREDAI Pune Metro:
“This housing policy has come after nearly two decades, following the earlier policy of 2007. Therefore, its implementation at the earliest is extremely important. The policy broadly outlines how the government plans to take this crucial sector forward. Many upcoming notifications and circulars aimed at boosting the housing sector will be based on this framework. Maharashtra is already ahead in urbanisation, which makes this policy even more significant. The creation of SHIP (State Housing Information Portal) will be extremely beneficial in the long run. Affordable rental housing is the need of the hour for the general public. As CREDAI and as responsible developers, we support this inclusive housing policy, especially for its focus on providing housing for all, particularly for the economically weaker sections.”
Dinesh Agrawal, Co-Chairman, BramhaCorp Ltd:
“The approval of the ‘Majhe Ghar – Majhe Adhikar’ housing policy by the Maharashtra Cabinet, under the visionary leadership of Hon’ble Chief Minister Devendra Fadnavis, is a transformative step toward inclusive urban development. With an ambitious target of building 35 lakh homes and a robust investment outlay of ₹70,000 crore, this policy not only addresses the pressing need for housing but also strengthens the foundation for economic growth and infrastructure development. It paves the way for public-private partnerships and opens up new avenues for real estate developers to contribute meaningfully to the state’s housing goals.”
Sushilkumar Deshmukh, Director at Maharashtra Housing Corporation:
“As a developer in Pune real estate, I see the concept of ‘My Home, My Rights’ not just as a slogan, but as a fundamental social and economic necessity. It is of utmost importance that every person should have a home of their own and have full rights over that home. As real estate developers, we do not just build buildings of cement and bricks, we build dreams and secure futures. Honoring the concept of ‘My Home, My Rights’ is at the heart of our business.”
Aakash Agarwal, Managing Director, Krisala Developers:
“The ‘Majhe Ghar – Majhe Adhikar’ policy is a bold and progressive move by the Maharashtra Government. A ₹70,000 crore commitment to enable 35 lakh homes is not just a housing initiative—it’s a socio-economic catalyst for growth. As a developer, I believe this policy lays the foundation for greater collaboration between the public and private sectors to address the housing gap at scale. It also reflects a clear intent to make homeownership more accessible, while driving economic growth and job creation across the value chain.”
Abhishek Gupta, founder of CRE Matrix:
“If the government wants to build 35 lakh homes, INR 70,000 crores is not enough if I divide 70,000 crores by 35 lakhs, I get INR 200,000. No home can be built in INR 200,000. The government of Maharashtra will have to spend about 7 lakh crores if they want to build 35 lakh homes at an average price of 20 lakhs each.”
Frequently Asked Questions
What is the main goal of the 'Majhe Ghar – Majhe Adhikar' housing policy?
The main goal of the 'Majhe Ghar – Majhe Adhikar' housing policy is to construct 35 lakh (3.5 million) homes over the next five years, with a focus on providing affordable housing for the economically weaker sections (EWS) and low-income groups (LIG).
What is the total investment outlay for the policy?
The total investment outlay for the 'Majhe Ghar – Majhe Adhikar' housing policy is ₹70,000 crore.
Who are the primary beneficiaries of this housing policy?
The primary beneficiaries of this housing policy include the economically weaker sections (EWS), low-income groups (LIG), women, students, senior citizens, and industrial workers.
How does the policy aim to boost the economy?
The policy aims to boost the economy by creating jobs, driving infrastructure development, and promoting public-private partnerships in the real estate sector.
What is the role of SHIP (State Housing Information Portal) in this policy?
SHIP (State Housing Information Portal) will play a crucial role in the long-term implementation of the policy by providing transparent and accessible information about housing projects and initiatives.
Related News Articles
Nielsen Media Expands Footprint in Mumbai with 1.52 Lakh Sq Ft Office Space Lease
Nielsen India Media Pvt Ltd and its subsidiary company, Whats On India Media Pvt Ltd, have leased out a massive 1.52 lakh sq ft office space in Goregaon East, Mumbai, for a whopping ₹3.87 crore monthly rent.
New Chief at the Helm: Manoj Saunik Appointed as MahaRERA Chairman
Former Maharashtra chief secretary Manoj Saunik takes over as the new chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA)
Luxury Housing Boom in Delhi-NCR: Sales of Rs 4 Cr+ Units Rise by 27%
Delhi-NCR's luxury housing market witnesses significant growth, driven by affluent buyers' preference for enhanced amenities and NRIs' investments.
Mumbai Property Market Sees a Decline in Registrations: A 14% Drop in September
The Mumbai property market witnessed a decline in registrations in September, with a 14% drop compared to the same period last year. This decline can be attributed to various factors, including the Shraadh period and the overall slowdown in the real estat
Maharashtra Accelerates Infrastructure Development to Reach Trillion-Dollar Economy Goal
Under the leadership of Chief Minister Eknath Shinde, the Maharashtra government is aggressively pushing forward with numerous infrastructure projects to drive economic growth and achieve its vision of becoming a trillion-dollar economy.
Ahmedabad Shines with Top Rental Yields in India
Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.