Pune Real Estate Experts React to Maharashtra's New Housing Policy
Pune's real estate experts and developers offer their insights on the new Maharashtra housing policy, which aims to construct 3.5 million homes over the next five years.
Pune Real EstateMaharashtra Housing PolicyReal Estate DevelopersAffordable HousingUrban GrowthReal Estate PuneMay 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 new Maharashtra housing policy called?
The new Maharashtra housing policy is titled ‘Majhe Ghar – Majhe Adhikar’ (My Home – My Rights).
What is the investment outlay for the new housing policy?
The investment outlay for the new housing policy is ₹70,000 crore.
How many homes does the new housing policy aim to construct?
The new housing policy aims to construct 35 lakh (3.5 million) homes over the next five years.
Who is the current Chief Minister of Maharashtra?
The current Chief Minister of Maharashtra is Devendra Fadnavis.
What is the significance of the State Housing Information Portal (SHIP)?
The State Housing Information Portal (SHIP) is significant as it will provide a centralized platform for information on housing projects, aiding transparency and efficiency in the housing sector.
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