After nearly two decades, the Maharashtra government has rolled out a bold and transformative housing policy that promises to redefine the real estate landscape of the state. Titled “Majhe Ghar, Majha Adhikar” (My Home, My Right), this 2025 Housing Policy arrives with a powerful vision: to meet the evolving needs of homebuyers, fuel affordable housing, and energize the real estate sector that has long awaited structural reforms.
With an ambitious investment of ₹70,000 crore, the policy aims to build 35 lakh affordable homes by 2030, while empowering both citizens and developers across the state’s diverse housing ecosystem.
Here are the five biggest highlights you need to know:
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Maharashtra’s First Full-Fledged Housing Policy Since 2007
This is the state’s first comprehensive housing roadmap in 18 years, finally breaking free from years of stalled drafts and outdated plans.
The COVID-19 pandemic brought a massive shift in how people perceive housing, making this policy update not just timely but essential. “This roadmap was essential because the world has changed significantly,” said Valsa Nair Singh, Additional Chief Secretary, Housing Department.
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Massive Boost to Self-Redevelopment Projects
Mumbai’s skyline is filled with aging buildings in desperate need of redevelopment. The new policy finally taps into this opportunity.
Over 25,000 buildings in the MMR region are eligible for self-redevelopment, and the state has now earmarked ₹2,000 crore to support housing societies willing to take the plunge. A specialized Self-Redevelopment Cell will guide these societies through everything, from project funding and planning to developer onboarding and execution.
This initiative gives power back to the people, literally letting residents rebuild their own futures.
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Government Land to Be Repurposed for Affordable Homes
Space is premium in Maharashtra, especially in cities like Mumbai. To combat this, the government plans to create a dedicated land bank for housing by 2026.
In coordination with multiple departments—Revenue, Forest, Water Resources, MSRDC, and others—the initiative will unlock underutilized government land and channel it toward affordable housing. The aim? Build 35 lakh homes by 2030 and ease pressure on state-run schemes like MHADA lotteries, which currently serve only a limited few.
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Revival Plan for Stalled and Slum Rehab Projects
Stalled projects have long haunted homebuyers and drained developer resources. Under the new policy, these will finally get a second life.
A cluster redevelopment model will be used to incentivize slum rehabilitation and revive stuck projects, offering a fresh start for thousands of incomplete developments across the state.
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Senior Living, Student Housing, and “Walk to Work” Get a Leg Up
Looking beyond just construction, the policy embraces modern urban living needs. Special provisions now support:
- Senior citizen housing
- Student accommodation
- “Walk to Work” communities near job hubs
Developers will get relaxations on taxation, stamp duty, and FSI norms when building these specific types of housing. Moreover, in industrial zones, 10–30% of land allocated for amenities will now be reserved for residential purposes, enabling more integrated, liveable cities.
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In Conclusion
The Maharashtra 2025 Housing Policy isn’t just a policy—it’s a promise. A promise of inclusive growth, smart urban planning, and accessible housing for every citizen. Whether you’re a homebuyer, investor, developer, or just someone dreaming of owning a home in Mumbai or beyond, this new policy deserves your attention.
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