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Hindustan Times
20 hours ago
- Business
- Hindustan Times
Maharashtra Housing Policy 2025 formally approved: 5 things you should know
The Maharashtra government has recently formalised the Maharashtra Housing Policy 2025, titled My House, My Right, with a vision to ensure affordable and adequate housing for all citizens. The Maharashtra government has recently formalised the Maharashtra Housing Policy 2025, titled My House, My Right, with a vision to ensure affordable and adequate housing for all citizens. (Picture for representational purposes only)(Pixabay) The policy outlines key goals, such as redeveloping old buildings, rehabilitating slum dwellers, and revitalising stalled real estate and slum redevelopment projects through public-private partnerships. A significant initiative under the policy is the creation of a dedicated land bank for residential use by 2026, aimed at streamlining housing development across the state. In a notable move to promote senior living housing, the government has introduced a game-changing incentive, a dramatic reduction in stamp duty to a flat rate of just ₹1,000. This is expected to make retirement housing more accessible and attract greater private sector participation in the segment. The Maharashtra government's cabinet approved the new Maharashtra Housing Policy 2025 in May 2025; however, on July 23, the Maharashtra Housing Department issued a Government Resolution (GR) on the policy, which is considered to be one step further towards its implementation in the state. Here are five things to know about the Maharashtra Housing Policy 2025. 1) Investment of ₹ 70,000 crore expected under the Maharashtra Housing Policy 2025 The government expects an investment of ₹70,000 crore during the policy's implementation. Its target is to generate an affordable housing stock of 35 lakh units by 2030. Under the new policy, the government aims to create a land bank for residential use by 2026. This initiative will be implemented in coordination with the Revenue Department, Forest Department, Maharashtra State Road Development Corporation, Water Resources Department, and the Industries Department, among others. 2) Revival of stalled projects The Maharashtra government's 2025 housing policy includes targeted measures to revive stalled real estate and slum redevelopment projects, particularly using a cluster redevelopment model for greater efficiency and scale. Also Read: Maharashtra approves new housing policy after nearly two decades: 5 key highlights 3) Stamp duty relaxations for senior living housing The Maharashtra government's newly finalised Housing Policy 2025 introduces a game-changing incentive for senior living housing: stamp duty has been dramatically reduced to a flat ₹1,000, replacing the previous slab of 5–7% of property value depending on location. The move aims to make retirement homes more affordable and accelerate development in this underserved segment. Also Read: Maharashtra Housing Policy 2025 offers major benefits for senior living buyers; Stamp duty reduced to flat ₹1,000 4) Push for self-redevelopment of old buildings The Maharashtra government has strongly pushed self-redevelopment in its newly approved housing policy. To support the initiative, the state has allocated ₹2,000 crore and proposed the formation of a dedicated cell to assist cooperative housing societies. This cell will provide end-to-end support, including guidance on planning, funding, developer selection, and project execution, empowering societies to undertake redevelopment independently. According to data from CREDAI-MCHI, the apex body of real estate developers, over 25,000 buildings across the Mumbai Metropolitan Region (MMR) are eligible for redevelopment, with an estimated project value of more than ₹30,000 crore. 5) Affordable housing survey As part of its Maharashtra Housing Policy 2025, the Maharashtra government has proposed a housing demand survey across all districts to assess the current requirements. The government noted that post-COVID-19, housing needs and consumption patterns have changed drastically, making it essential to update the policy framework. Also Read: Maharashtra Housing Policy 2025: Statewide survey proposed to assess housing demand in post-COVID-19 era According to the policy, a detailed housing need survey and analysis will be carried out across all state districts and is targeted for completion by 2026. This will enable a district-wise understanding of housing demand.
Time of India
5 days ago
- Business
- Time of India
Maharashtra housing policy aims to provide houses for all and make state slum-free
MUMBAI , Providing affordable and adequate housing for all residents, redeveloping old buildings, and transforming slums through public-private partnerships are key components of the Maharashtra government's new housing policy "My House, My Right". A Government Resolution on the policy, approved by the state cabinet in May, was issued by the Housing Department on Wednesday. The government expects an investment of Rs 70,000 crore during the implementation of the policy. With its focus on "Housing for All", the policy aims to achieve a slum-free state by emphasising economically weaker sections, lower income and middle income segments. The government proposes to construct 35 lakh houses over the next five years, with the ultimate target to build 50 lakh houses over ten years. The policy proposes a comprehensive and statewide survey to assess the current and future housing needs. The survey, expected to be completed by 2026, forms a key part of the policy framework, the GR stated. The policy aims to conduct a comprehensive slum rehabilitation and redevelopment programme, redeveloping old buildings to improve living conditions, optimising land use and transforming slums through public-private partnerships. "It promotes inclusive housing by capturing resources created by the private market, integrated townships that offer affordable housing with essential services, and industrial workers' housing to ensure proximity to workplaces. The low-income groups, senior citizens, women, industrial workers and students will be given a priority in the policy", the GR stated. It stated that the government plans to increase the size of MahaAwas Fund to Rs 20,000 crore. "The ultimate target is to build 50 lakh houses in the next 10 years. To achieve this target, existing provisions under the Development Control and Promotion Regulations and Unified Development Control and Promotion Regulations and relevant institutional frameworks will be strengthened and modified as needed", it said. The GR stated that the State Housing Information Portal (SHIP) will soon be developed to provide information on housing development through government and private sector partnerships, developers, and state-run undertakings. It said the affordable housing has been given the infrastructure status, which will enable developers to avail external commercial Borrowing (ECB) and FDI for their projects. The affordable housing sector is also eligible for Priority Sector Lending (PSL) from banks and HFCs. Under the "Walk to Work" concept, around 10 to 30 per cent of land should be reserved for housing in MIDC (Maharashtra Industrial Development Corporation) areas. "Such land should be handed over to the appropriate authority at the applicable acquisition price, so that authority can create adequate housing stock in such areas. The authority can also partner with the private industries to provide housing for industrial workers in a PPP model", it said. The policy proposes to reserve 10 per cent to 15 per cent of the land suitable for housing projects adjacent to the ambitious infrastructure projects (Samruddhi Expressway and Delhi-Mumbai Industrial Corridor). Green building initiatives will be undertaken to promote sustainable development through eco-friendly practices and certifications. To ensure inclusive development, the policy will address affordable housing for other vulnerable groups, such as senior citizens, working women, students, Project Affected Persons (PAPs) and migrant workers. Amid burgeoning challenges due to climate change, the policy advocates construction of resilient and adaptable houses. The policy proposes a slew of incentives including single-window clearance, one per cent GST, floor space index (FSI) up to 2.5 per cent, commercial use permitted up to 10 per cent of utilised FSI, concession in development changes, waiver of registration and stamp duty charges to the operators, reduced property tax for the first ten years of operation and 100 per cent deduction on the profit of operating student housing. It stated that slum rehabilitation schemes on public land can be implemented in a joint venture by setting up a Special Purpose Vehicle (SPV) and adopting the Dharavi model of 20:80 redevelopment. For this purpose, the initiative will require the Slum Rehabilitation Authority (SRA) to set up a special purpose company in which the SRA should hold a 20 per cent stake with voting rights. The GR stated that the planned survey to assess current and future housing needs across all districts will serve as the foundation for future policy-making, enabling data-driven decisions on housing development, resource allocation, and prioritisation of infrastructure. The exercise will include assessment of the existing housing stock, socio-economic profiles of households, and the availability of basic infrastructure and civic amenities. A major focus of the survey will be the detailed analysis of housing demand. The government aims to capture demands across various income groups and geographical areas. The policy will also facilitate a comprehensive land bank database to identify government-owned land parcels suitable for residential use. A survey will identify and verify government and semi-government land available for construction. The data will be compiled into a district-wise digital land bank. The SHIP portal will also facilitate coordination between state and Central departments, including the PM Gati Shakti initiative, urban local bodies, and infra agencies.
Indian Express
20-05-2025
- Business
- Indian Express
Low-cost houses, slum rehabilitation: Maharashtra approves housing policy with eye on Housing for All by 2030
The Maharashtra government on Tuesday approved its first comprehensive housing policy in nearly two decades under the banner My Home, My Right (Majhe Ghar, Majha Adhikar) with a vision to provide sustainable, secure and inclusive housing to every citizen of the state by 2030. The Cabinet cleared the Housing Policy 2025, which lays out a roadmap for constructing 35 lakh houses by 2030 and 50 lakh more in the following decade. With an estimated investment of Rs 70,000 crore, the policy promises affordable housing, technological innovation, slum rehabilitation, and land reforms across the state. The policy outlines housing support for working women, students, industrial workers, senior citizens, and other vulnerable sections. The policy states that models such as rental housing for 10 years followed by ownership will be implemented for working women and students. A public-private partnership (PPP) will be encouraged under the policy. Special housing schemes will also be launched for journalists, differently-abled persons, artists, freedom fighters, mill and airport workers, among others. Affordable rental housing will be developed near major public hospitals for patients' families in big cities. Speaking after the cabinet meeting, Chief Minister Devendra Fadnavis said, 'Today, we have approved a landmark housing policy for Maharashtra with the core objective of ensuring housing for all. Guided by the inclusive slogan 'My Home, My Right', this is the first full-fledged housing policy since 2007. Though we had prepared drafts in 2015 and again in 2019, they remained unimplemented due to change in government in 2019. Now, we are taking a decisive step.' 'We are creating a bank of government-owned land to ensure homes can be made available at affordable rates,' said Fadnavis. 'This will be done in a transparent and coordinated manner, and it will drastically reduce land acquisition hurdles.' The government-owned plots will be identified and aggregated through inter-departmental coordination between the Revenue Department, MIDC, MSRDC, Water Resources Department and other agencies. Fadnavis said the policy is based on four key principles — affordability, inclusiveness, environmental sustainability, and resilience to natural disasters. 'It envisions using modern construction technology, incentivising green buildings, and adopting climate-resilient practices through the Global Housing Technology support innovation, the government will set up a Construction Technology Research Centre, promoting thermal-resistant materials and energy-efficient infrastructure,'he added. According to the policy, the new State Housing Information Portal (SHIP) will be launched as a central platform for geo-tagging housing stock, monitoring fund flow, and aligning data with MahaRERA, MahaBhulekh, PM Gati Shakti, and the Unified Citizen Data Hub. Artificial intelligence tools will be used for demand forecasting and policy planning. All beneficiaries will be registered on the Maha Awas Portal to ensure transparency in allocation and delivery. The state will promote cluster redevelopment through tripartite agreements between housing societies, developers and authorities. IT-based real-time monitoring tools will be used for transparency and accountability. The government also proposes to leverage CSR funds and central government lands for slum redevelopment. A state-level grievance redressal committee will be constituted to monitor project delays and mediate disputes. The government plans to incentivise affordable rental housing through MHADA, CIDCO and private developers. Provisions have also been made to reserve 10–30% of land in industrial estates exclusively for residential use under the Walk to Work principle. Green building incentives will cover thermal-resistant construction, rooftop gardens, and environment-friendly layouts. Tree plantation and resilient infrastructure will be prioritised in urban planning.
Time of India
13-05-2025
- Politics
- Time of India
Union min flags off housing drive under ‘Mor Awas Mor Adhikar' in CG
Raipur: Union Minister for agriculture, farmers welfare, and rural development, Shivraj Singh Chouhan , during his visit to Chhattisgarh on Tuesday, reviewed the implementation of central govt schemes. He will participate in a flagship housing programme for rural beneficiaries under Mor Awas Mor Adhikar (My Home, My Right) event in Ambikapur and hand over keys to 51,000 newly constructed homes to the beneficiaries. Speaking to reporters in Raipur on Tuesday, Union Minister Shivraj Singh reflected on the progress of central schemes in Chhattisgarh and criticized the previous government for its failure to implement key housing initiatives under the Pradhan Mantri Awas Yojana ( PMAY )."You may remember the 'Mor Awas Mor Adhikar' movement that began under the previous govt. Despite recommendations from their own Panchayat and Rural Development Minister, the then Chief Minister did not allocate the PMAY funds," Chouhan said that although Prime Minister Narendra Modi had sanctioned the funds, the state govt failed to utilize them, resulting in millions of eligible beneficiaries being deprived of housing. "Denying a home to the poor is nothing short of a sin," he the BJP's commitment, he said, "We had pledged that once our govt is formed, every eligible beneficiary would receive a home—and today, I am satisfied that under the Prime Minister's leadership, we have fulfilled that promise."He praised the Chhattisgarh govt for speeding up housing construction and added that 32,000 homes have also been allotted under the PM Janman scheme, aimed at especially vulnerable tribal groups (PVTGs).For surrendered Naxalites, 15,000 homes have been sanctioned and construction has also said that the incomplete houses from the former state govt's Mukhyamantri Awas Yojana are now being completed.A fresh housing survey has been launched to identify those left out, with physical verification underway to ensure inclusion. "My only desire is that the farmers of Chhattisgarh progress even further. A developed Chhattisgarh is essential for building a developed India," the Minister concluded.
