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News18
6 days ago
- Business
- News18
Maharashtra Housing Policy 2025: Rent-To-Own, Walk-To-Work Vision Makes Housing A Right, Say Experts
Last Updated: The Maharashtra government has approved the Housing Policy 2025, aiming for 35 lakh affordable homes by 2030, focusing on EWS, LIG housing, slum redevelopment, and rental housing. Maharashtra Housing Policy 2025. In a landmark decision set to reshape the urban housing landscape, the Maharashtra government has approved the Maharashtra Housing Policy 2025, aimed at providing housing for all while ensuring sustainable and inclusive urban development. The policy lays out a comprehensive roadmap to tackle the challenges of affordability, slum rehabilitation, rental housing, and planned urban growth across the state. What is the Maharashtra Housing Policy 2025? The Maharashtra Housing Policy 2025 is a state-wide housing blueprint that envisions creating 35 lakh affordable homes by 2030, especially targeting Economically Weaker Sections (EWS) and Low-Income Groups (LIG). It seeks to achieve this through a combination of public-private partnerships, rental housing models, redevelopment of slums and chawls, and innovative ownership schemes like rent-to-own and self-redevelopment. It promotes the 'Majhe Ghar, Majha Adhikar' (My Home, My Right) initiative and aims to make housing more accessible, while reducing the pressure on city infrastructure by encouraging housing near industrial zones, thereby supporting the 'Walk to Work' concept. The policy also includes fast-track approvals for housing projects, land pooling mechanisms, promotion of green construction for climate action, and the creation of a centralised digital housing portal to enhance transparency and streamline processes for developers and homebuyers. 'Policy Sends Message That Housing Is Not A Luxury, It's A Right': Industry Players Real estate leaders have widely welcomed the policy, saying that the policy sends a clear message that housing is not a luxury, it's a right. Anuj Goradia, director at Dosti Realty, called the move remarkable, and said the blueprint addresses both sustainability and affordability. 'The new housing policy will be a progressive step towards affordable housing and will endow a significant boost to the sector by not only creating enormous employment opportunities but also bring in a win-win situation that can further ensure elevated living for the city dwellers across all the income groups," he said. He also highlighted how the policy promotes residential development around industrial zones, further enabling the 'Walk to Work' concept. 'One cannot ignore the inclusivity of this policy that promotes redevelopment of unplanned projects like slums, chawls, vertical slums, etc. We definitely look at this policy as an extremely transformational move for the state and a remarkable approach to housing that is futuristic and will boost investor confidence," he added. Nayan A Shah, chairman and managing director of Mayfair Housing, said the policy reflects a significant shift in recognizing housing as a right. 'The new Maharashtra Housing Policy 2025 is a much-needed shift towards making homeownership a reality for lakhs of families across the state. With its focus on affordable housing, rental stock, and slum rehabilitation, the policy sends a clear message that housing is not a luxury, it's a right." Shah emphasised how the policy can help fast-track development in upcoming regions like Virar. 'With this policy encouraging faster approvals, land pooling, and private participation, we see great potential to accelerate the delivery of quality homes for the aspiring middle class and working families." Jash Panchamia, promoter of Suraksha Smart City, praised the 'Majhe Ghar, Majha Adhikar' initiative and the focus on closing the housing gap. 'It addresses the urgent housing needs of the EWS and LIG housing needs while promoting solutions like self-redevelopment and rent-to-own models that are set to bridge the housing gap while paving the way for sustainable urban growth across the state." He also welcomed the digital and green measures in the policy. 'The integration of new-age technology using green practices for climate action are steps that will ensure responsible and future-ready construction. The proposed centralised digital housing portal will instil transparency and promote ease of doing business thus streamlining the system for developers and homebuyers alike." Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : real estate Location : New Delhi, India, India First Published: May 29, 2025, 13:01 IST News business » real-estate Maharashtra Housing Policy 2025: Rent-To-Own, Walk-To-Work Vision Makes Housing A Right, Say Experts
Hindustan Times
6 days ago
- Business
- Hindustan Times
Maharashtra Housing Policy 2025 offers major benefits for senior living buyers; Stamp duty reduced to flat ₹1,000
The Maharashtra government has finalised the Housing Policy 2025, introducing significant incentives for senior living housing projects. Under the new policy, stamp duty for buyers of such properties has been reduced to a flat ₹1,000, down from the current 5% to 7% of the property's value, depending on the location. In addition to the reduced stamp duty, the government will offer property tax concessions for owners of senior living homes. Developers of these projects will also benefit from various tax relaxations and enhanced Floor Space Index (FSI) allowances. This is Maharashtra's first comprehensive housing policy in nearly two decades. Announced last week, it addresses modern housing concepts such as senior citizen housing and student accommodation, aiming to promote inclusive and future-ready urban development. As part of the Maharashtra Housing Policy 2025, the state government plans to redevelop ageing and dilapidated old-age homes and orphanages located on government land. These facilities will be upgraded and integrated with senior citizen housing projects to better accommodate the growing elderly population. According to the policy, Maharashtra's elderly population accounted for around 10% of the total as per the 2011 Census, higher than the national average. This figure is projected to rise significantly, reaching 17% by 2036. The policy also highlights a shift in social structure, noting that joint families are increasingly giving way to nuclear households, creating a greater demand for independent senior living facilities. The government sees this redevelopment as a crucial step toward addressing the evolving housing and care needs of the elderly. Also Read: Maharashtra approves new housing policy after nearly two decades: 5 key highlights According to market sources, leading real estate developers such as Rustomjee Group and Dosti Realty are preparing to launch dedicated senior living housing projects in Maharashtra in the coming months. To promote this segment, the Maharashtra government, under its Unified Development Control and Promotion Regulations (UDCPR), has introduced a separate category for senior citizen housing or retirement homes. These guidelines are part of the recently announced Maharashtra Housing Policy 2025, which aims to foster inclusive and age-friendly urban development. These measures aim to attract private investment into the senior housing sector while ensuring that the needs of elderly residents are met through thoughtful planning and infrastructure. Also Read: Dharavi redevelopment project gets a push as master plan receives Maharashtra government's approval Real estate developers have welcomed the Maharashtra government's new housing policy, particularly the relaxations and incentives for senior and student housing. They see the move as a progressive step toward addressing the evolving housing needs of specific demographic groups while encouraging private sector participation in these emerging segments. 'Addressing the growing demand for elderly-friendly housing is the need of the hour, and the Maharashtra government's new housing policy has a special mention of this. These actions will help the growth of senior living projects by making development more viable and attractive. Our understanding is that these policy reforms will benefit senior living housing projects in Maharashtra and set a benchmark through thoughtfully designed and well-supported developments," said Anuj Goradia, director of Mumbai-based Dosti Realty. Also Read: Rustomjee Group plans to launch senior living and plotted development projects: Boman Irani The apex body of real estate developers, CREDAI-MCHI, has also welcomed the policy.
Time of India
12-05-2025
- Entertainment
- Time of India
Will Revenge of the Savage Planet be available on Xbox Game Pass?
Image via Raccoon Logic. After being released on May 8, 2025, Revenge of the Savage Planet has attracted all the fans towards itself. Serving as a sequel to the 2020 release, Journey of the Savage Planet , this Raccoon Logic title emphasises co-op and replaces the first-person architecture of its predecessor with a tighter third-person viewpoint in a sci-fi world. This game is a treat for everyone as this is available on all kinds of popular platforms - Windows, PlayStation 4, PlayStation 5, and Xbox Series X/S. However, is it going to be available on the Xbox Game Pass? Let's explore the answer. Is Revenge of the Savage Planet available on Xbox Game Pass? Revenge of the Savage Planet Launch Trailer by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Get Exclusive Offers on 1 & 2 BHK Homes @Dosti™ Nest Dosti Realty Learn More Undo The answer is 'YES.' Revenge of the Savage Planet is available on Xbox Game Pass. Not only that, this was a day-one Xbox Game Pass launch, that means it has been available on the popular subscription service from the game's release date itself. There are a total of two editions for the game: Standard Edition and Cosmic Hoarder Edition , which are priced at $35.99 and $44.99 respectively. However, as the game is available on Xbox Game Pass, subscribers will be able to enjoy this title without spending a single penny for this title. Keep in mind, only the Standard edition is available on Game Pass, not the Cosmic Hoarder Edition, which grants several headstarts like cosmetics, early access, additional quests, rewards, and many more. Also it's important to remember that Revenge of the Savage Planet is only available for the Xbox Game Pass Ultimate or the Game Pass PC subscribers, as it's not available for Game Pass Core and Game Pass Standard. Xbox Game Pass Ultimate and Xbox Game Pass for PC cost $19.99 and $11.99 respectively, which is a way lesser than the actual price of even the base game. Now, those who don't want to spend a single penny just for the game, can purchase the Game Pass to enjoy this game for one month. However, buying the Game Pass will allow players to play hundreds of other games as well, along with Revenge of the Savage Planet. Not only that, with the subscription plan for PC players, they can even play Xbox titles on their PCs, despite not having an Xbox console. Read More: Beginner tips and tricks to survive longer in Revenge of the Savage Planet
