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News18
29-05-2025
- 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
Economic Times
20-05-2025
- Business
- Economic Times
Maharashtra Housing Policy aims to build 35 lakh EWS, low-income group homes by 2030
The government of Maharashtra has approved the new state Housing Policy 2025 that aims to construct 35 lakh homes by 2030 for the economically weaker section (EWS) and Low-Income Group (LIG) categories, with targeted interventions for various groups. 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 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 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 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 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 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. (You can now subscribe to our Economic Times WhatsApp channel)
Time of India
20-05-2025
- Business
- Time of India
Maharashtra Housing Policy aims to build 35 lakh EWS, low-income group homes by 2030
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The government of Maharashtra has approved the new state Housing Policy 2025 that aims to construct 35 lakh homes by 2030 for the economically weaker section (EWS) and Low-Income Group (LIG) categories, with targeted interventions for various 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 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 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 to him, the policy addresses the housing needs of senior citizens, working women, students, industrial workers, journalists, the differently abled, and 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 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).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 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.'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 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 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 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 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.
