Maharashtra Housing Policy aims to build 35 lakh EWS, low-income group homes by 2030
ADVERTISEMENT The policy also aims to create a land bank of government-owned plots suitable for residential use and a centralized digital housing information portal. In addition to this, the policy emphasizes home development close to employment hubs, especially in industrial areas.
It also proposes to set up a dedicated self-redevelopment cell to guide societies on planning, funding, developer selection, and execution. An initial fund of Rs 2,000 crore will be allocated for this initiative.
The government, under this policy, has also proposed using central government land for slum rehabilitation.'The policy will transform urban development and housing in the state, while also drawing massive investments that will support Maharashtra's ambition of becoming a $1 trillion economy. This inclusive and sustainable policy will ensure affordable homes not just for the economically weaker sections but across all strata,' said Deputy Chief Minister and Housing Minister Eknath Shinde.According to him, the policy addresses the housing needs of senior citizens, working women, students, industrial workers, journalists, the differently abled, and ex-servicemen.
ADVERTISEMENT The proposed centralized digital housing information portal will be developed using artificial intelligence (AI) to map demand and supply, geo-tag homes, monitor fund allocation, maintain a district-wise land bank, and integrate with systems like Maharashtra Real Estate Regulatory Authority (MahaRERA), MahaBhulekh, and PM Gati Shakti.The proposed land bank of government-owned plots suitable for residential use will be developed statewide by 2026 in coordination with departments such as Revenue, Forests, Water Resources, the Maharashtra State Road Development Corporation (MSRDC), and Maharashtra Industrial Development Corporation (MIDC).
ADVERTISEMENT As part of the policy's emphasis on home development close to employment hubs, of the 20% reserved land in MIDC zones, 10–30% will be earmarked exclusively for housing. Inclusive housing is mandated not only for large municipal corporations with populations above 10 lakh but also for all metropolitan region development authorities.To revive stalled SRA projects, cluster redevelopment will be promoted under the policy and capable new developers will be selected through fresh bidding to ensure timely execution and eliminate irregularities, Shinde added.
ADVERTISEMENT 'The government of Maharashtra is taking decisive steps to strengthen urban housing, accelerate redevelopment, and ensure affordable homes for all. A key pillar of this initiative is cluster redevelopment, particularly in the Mumbai Metropolitan Region (MMR), Pune, and Thane, where aging buildings, fragmented land ownership, and inadequate infrastructure have made conventional redevelopment challenging,' Shinde had told ET in January.All redevelopment projects will require tripartite agreements between the society, developer, and the government authority. It has made escrow accounts for advance rent and bank guarantees mandatory to protect the interest of residents. Affordable and social housing projects will receive support through corporate social responsibility (CSR) funding. And institutes like IIT, IIM, UDRI, and WRI will be appointed as knowledge partners.
ADVERTISEMENT As per NITI Aayog's G-20 Urban Infrastructure Working Group (G-Hub) recommendations, Maharashtra needs to commit about Rs 20,000 crore as viability gap funding to boost investment in affordable and inclusive housing, Shinde said.The policy promotes green building practices, environmentally friendly infrastructure, and emphasizes climate-resilient construction methods. Under the Global Housing Technology Challenge, innovative construction methods will be adopted to resist heat, floods, and earthquakes.
The policy proposes using central government land for slum rehabilitation and joint efforts between the central government and the Slum Rehabilitation Authority will be undertaken, and central funds will be sought for the same. The policy incorporates IT-based systems for transparency, real-time monitoring, and accountability in SRA projects, enabling better beneficiary identification, project tracking, and fund management.
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