Latest news with #MajheGhar–MajheAdhikar
Hindustan Times
21-05-2025
- Business
- Hindustan Times
New policy focuses on affordable housing, inclusivity
MUMBAI: The cabinet on Tuesday announced the state's new Housing Policy 2025, focusing on affordable and inclusive housing. Titled 'Majhe Ghar – Majhe Adhikar', the policy aims to build 3.5 million homes for economically weaker sections (EWS) and low-income groups (LIGs) by 2030, and 5 million units in the next 10 years. This would involve an investment of ₹70,000 crore. The policy also introduces special measures for seniors, working women, students, journalists, differently abled individuals and industrial workers. Housing schemes are also proposed for government employees, ex-servicemen, freedom fighters, artists, mill and mathadi workers, as well as airport employees. These schemes will be implemented through public-private partnerships. For the first time, Corporate Social Responsibility (CSR) funds can be used by companies for affordable and social housing projects (for working women, senior citizens, student housing), and incentives will be offered. Deputy chief minister Eknath Shinde, who is also the state housing minister, said, 'There will be no dearth of homes due to this policy. It is an all-inclusive policy and we have thought about dabbawallahs, police housing, mill worker housing, etc. We will roll out affordable houses. We are also promoting the 'walk-to-work' concept based on PM Narendra Modi's suggestions.' Under the new policy, the government will create a State Housing Information Portal (SHIP), a centralised digital platform. The policy also includes the setting up of a government-owned land bank to achieve the state's affordable housing target. The state plans to create affordable housing near major hospitals in cities like Mumbai. These will be offered on rent to relatives of patients, on the lines of the Prime Minister Awas Yojana. The new housing policy supports the prime minister's 'walk-to-work' concept, underlining the development of housing close to employment hubs, especially in industrial areas. New constructions will be planned to deal with weather risks including heat, floods and earthquakes, bringing innovative and climate-appropriate construction practices into the mainstream. At present, the state has RERA and Maharashtra was first state to set up MahaRERA. Now a state-level Supreme Grievance Redressal Committee will be set up to monitor quality control, mediate with developers in respect of grievances of beneficiaries, and ensure timely completion of redevelopment projects under DCPR 2034 and the MHADA Act. A self-redevelopment cell will be set up at the state level and a fund of ₹2,000 crore will be established to facilitate these projects. On redevelopment projects in the Mumbai Metropolitan Region (MMR), officers of the state housing department said that to protect the rights of flat owners, and to avoid any obstacles to the rehabilitation process, it will be mandatory for the developer to enter into a tripartite agreement with the housing society and the planning authority/ government and semi-government land owner organisation concerned. The builder would also have to pay advance rent in an ESCROW account for the protection of residents. The new policy proposes the use of central government land for slum rehabilitation projects. These can be implemented as joint ventures between the central government and the Slum Rehabilitation Authority (SRA). This new housing policy encourages the use of IT-based approaches to increase transparency, real-time monitoring and accountability in SRA projects. These digital tools will simplify processes such as beneficiary determination, project status updating, and fund management, ensure efficient implementation and reduce delays or malpractices, pointed officers. In SRA projects, the agreement between slum dwellers and the developer will be prepared on stamp paper and registered at minimum stamp duty. This will protect the legal rights of slum dwellers. Reacting to the new policy, Dominic Romell, president of CREDAI – MCHI, said, 'Various officers of the housing department including additional chief secretary Valsa Nair Singh, MHADA chief Sanjeev Jaiswal and SRA CEO Mahendra Kalyankar have worked hard on this policy. Developers must use the opportunity to make the policy a success.' Prashant Sharma, president, NAREDCO Maharashtra, remarked, 'The new policy is a commendable step in realising the vision of housing for all in Maharashtra. The government has also clearly prioritised inclusive urban development. The focus on slum rehabilitation, redevelopment, and the creation of a MahaAwas Fund will help address the housing shortage. We believe this progressive policy will provide a significant boost to real estate, create large-scale employment, and ensure dignified living for citizens across income groups.'
Time of India
20-05-2025
- Business
- Time of India
Maharashtra cabinet approves state housing policy 2025
NEW DELHI: The Maharashtra cabinet has approved the state housing policy 2025 titled 'Majhe Ghar – Majhe Adhikar' (My Home – My Rights) with an investment outlay of ₹70,000 crore. The policy aims to construct 35 lakh homes over the next five years. As part of the implementation strategy, the cabinet has cleared the formation of a ₹20,000 crore 'Maha Aawas Nidhi' at the state level to finance large-scale housing projects under the new policy framework. Prashant Sharma, president, NAREDCO Maharashtra said, "The focus on slum rehabilitation, redevelopment, and the creation of a MahaAwas Fund will be instrumental in addressing the housing shortage and improving the urban landscape. We believe this progressive policy will provide a significant boost to real estate, create large-scale employment, and ensure dignified living for citizens across income groups." Focus on redevelopment, self-redevelopment and social housing To address delays in redevelopment and quality control issues, the policy includes the formation of a state-level grievance redressal committee. The committee will mediate between stakeholders and monitor quality standards in line with redevelopment commitments. A dedicated self-redevelopment cell will also be set up to encourage cooperative housing societies to take up redevelopment independently. A ₹2,000 crore self-redevelopment fund will support such initiatives. The policy introduces a rent-to-own model where working women, students, and industrial workers can initially occupy homes on rent for up to 10 years, with the option to gain ownership thereafter. "This comprehensive plan, with strategic emphasis on rental housing for working women, students, and industrial workers, is a transformative step toward addressing the urgent need for affordable urban housing. Initiatives such as the walk-to-work model near employment hubs, supported by robust multi-modal infrastructure and last-mile connectivity, will catalyze industrial and commercial real estate, paving the way for an integrated urban development model. Over time, this will generate tremendous demand for residential real estate, including townships and cluster developments," said Niranjan Hiranandani , chairman, NAREDCO & Hiranandani Group. CSR funds will be mobilised to support social housing initiatives through public-private partnerships involving both developers and project enablers. The government will also establish a centralised digital platform — State Housing Information Portal (SHIP) — to support data-driven housing decisions and project tracking. Nishant Deshmukh, founder and managing partner, Sugee Group said, "With strategic funding and transparent implementation, this policy can unlock massive redevelopment opportunities in cities like Mumbai , while also ensuring social equity and improved quality of life."
