In a move that reshaped Maharashtra’s housing sector, the state government introduced its first comprehensive housing policy in nearly two decades. Titled Majhe Ghar, Majha Adhikar (My Home, My Right), the 2025 Housing Policy aimed to construct 35 lakh affordable homes by 2030. The initiative carried a total investment plan of ₹70,000 crore.
This marked Maharashtra’s first full-scale housing policy since 2007. Although various draft versions were circulated over the years, none reached the stage of implementation. The 2025 policy addressed shifts in housing preferences, many of which emerged in the wake of the COVID-19 pandemic. These included a greater emphasis on affordability, spatial efficiency, and access to core services and infrastructure.
The housing department noted that the policy served as a roadmap for resolving persistent urban housing challenges. “This roadmap will be crucial, given how housing needs have transformed,” said Valsa Nair Singh, additional chief secretary of the housing department.
A key feature of the policy was its focus on self-redevelopment. According to estimates from CREDAI-MCHI, more than 25,000 buildings across the Mumbai Metropolitan Region qualified for redevelopment. To facilitate this, the government set up a support cell to assist housing societies in planning, accessing finance, selecting developers, and executing projects. A dedicated fund of ₹2,000 crore was announced to back this initiative.
Another major component of the policy was the planned allocation of government land to increase the supply of affordable housing. A land bank was scheduled to be created by 2026, with coordination among departments including Revenue, Forest, and MSRDC. This move aimed to make land available in areas with persistent housing shortages, particularly in and around Mumbai.
The policy also outlined measures to address stalled housing and slum redevelopment projects. Financial incentives and regulatory support were proposed to revive projects that had been delayed. A cluster redevelopment approach was introduced to tackle slum rehabilitation on a broader scale. These combined efforts were intended to unlock a large number of delayed housing units and restore momentum in the redevelopment ecosystem.
Additional provisions targeted the development of alternative residential models. These included senior living, student housing, and walk-to-work communities. Developers working in these segments were offered benefits such as reduced stamp duty, flexible Floor Space Index (FSI) norms, and tax concessions. Furthermore, the policy mandated that 10% to 30% of land in industrial zones be allocated for residential development to encourage integrated living spaces near workplaces.
The industry reacted positively to the policy’s framework. Ajay Ashar, Chairman and Managing Director of Ashar Group, stated: “Maharashtra’s Housing Policy 2025 is a bold and much-needed step toward inclusive urban growth. The commitment to build 35 lakh affordable homes by 2030 and invest ₹70,000 crore sends a strong signal about the state’s intent to address the housing gap. This initiative not only supports first time homebuyers but also catalyzes growth in construction, infrastructure, and employment. Its focus on sustainable urbanisation and public-private partnerships can significantly boost real estate momentum, especially in high-demand zones like the Thane and Navi Mumbai. With efficient execution, this policy can be a game-changer for both the industry and aspiring homeowners. ”
By introducing the 2025 Housing Policy, Maharashtra set an example for other Indian states seeking to revamp their approach to urban housing. Through a combination of land use reforms, redevelopment incentives, and sector-specific interventions, the state built a framework that addressed both current needs and future challenges. The focus going forward remained on efficient execution, stakeholder coordination, and measurable outcomes.