{"id":7379,"date":"2025-08-25T08:09:13","date_gmt":"2025-08-25T08:09:13","guid":{"rendered":"https:\/\/housiey.com\/blogs\/?p=7379"},"modified":"2025-08-25T08:09:13","modified_gmt":"2025-08-25T08:09:13","slug":"maharashtra-housing-policy-2025-separate-rera-like-law-proposed-for-redevelopment-projects","status":"publish","type":"post","link":"https:\/\/housiey.com\/blogs\/maharashtra-housing-policy-2025-separate-rera-like-law-proposed-for-redevelopment-projects","title":{"rendered":"Maharashtra Housing Policy 2025: Separate RERA-like Law Proposed for Redevelopment Projects"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Maharashtra government is gearing up to address one of the most pressing challenges in the real estate sector\u2014redevelopment. The recently approved <\/span><b>Maharashtra Housing Policy 2025<\/b><span style=\"font-weight: 400\"> has proposed a <\/span><b>separate RERA-like law<\/b><span style=\"font-weight: 400\"> to regulate redevelopment projects, a move aimed at protecting homeowners who are often left vulnerable when such projects get delayed or abandoned.<\/span><\/p>\n<blockquote><p><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/big-win-for-maharashtras-housing-societies-deemed-conveyance-goes-fully-digital-with-pratyay-mahabhumi-portal\" target=\"_blank\" rel=\"noopener\">Big Win for Maharashtra\u2019s Housing Societies: Deemed Conveyance Goes Fully Digital with PRATYAY MahaBhumi Portal<\/a><\/strong><\/em><\/p><\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/housiey.com\/blogs\/maharashtra-housing-policy-2025-separate-rera-like-law-proposed-for-redevelopment-projects\/#Why_is_a_new_law_needed\" >Why is a new law needed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/housiey.com\/blogs\/maharashtra-housing-policy-2025-separate-rera-like-law-proposed-for-redevelopment-projects\/#What_is_redevelopment_in_housing\" >What is redevelopment in housing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/housiey.com\/blogs\/maharashtra-housing-policy-2025-separate-rera-like-law-proposed-for-redevelopment-projects\/#What_does_the_Maharashtra_Housing_Policy_2025_propose\" >What does the Maharashtra Housing Policy 2025 propose?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/housiey.com\/blogs\/maharashtra-housing-policy-2025-separate-rera-like-law-proposed-for-redevelopment-projects\/#MahaRERAs_current_stance_on_redevelopment_projects\" >MahaRERA\u2019s current stance on redevelopment projects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/housiey.com\/blogs\/maharashtra-housing-policy-2025-separate-rera-like-law-proposed-for-redevelopment-projects\/#Why_this_move_is_significant\" >Why this move is significant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/housiey.com\/blogs\/maharashtra-housing-policy-2025-separate-rera-like-law-proposed-for-redevelopment-projects\/#In_summary\" >In summary:<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_is_a_new_law_needed\"><\/span><b>Why is a new law needed?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Currently, redevelopment projects do not come under the ambit of the <\/span><b>Real Estate (Regulation and Development) Act, 2016 (RERA)<\/b><span style=\"font-weight: 400\">. As a result, complaints related to these projects are not addressed by <\/span><b>MahaRERA<\/b><span style=\"font-weight: 400\">, leaving homeowners with limited avenues for justice.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To bridge this regulatory gap, the state cabinet approved the housing policy in May 2025. A <\/span><b>Government Resolution (GR)<\/b><span style=\"font-weight: 400\"> issued on July 23 further pushed the proposal towards implementation.<\/span><\/p>\n<blockquote><p><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/maharashtra-may-soon-extend-slum-rehab-benefits-to-first-floor-chawl-residents-what-it-means-for-you\" target=\"_blank\" rel=\"noopener\">Maharashtra May Soon Extend Slum Rehab Benefits to First-Floor Chawl Residents: What It Means for You<\/a><\/strong><\/em><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"What_is_redevelopment_in_housing\"><\/span><b>What is redevelopment in housing?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Redevelopment typically involves demolishing aging buildings\u2014often two to seven storeys high\u2014and replacing them with modern, larger structures. Key aspects include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Bigger homes for residents:<\/b><span style=\"font-weight: 400\"> Existing occupants receive larger, upgraded apartments free of cost.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Profit for developers:<\/b><span style=\"font-weight: 400\"> Builders earn by selling additional flats in the open market.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Revenue for the state:<\/b><span style=\"font-weight: 400\"> The government earns by selling Floor Space Index (FSI) to developers.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">While the model benefits all stakeholders on paper, in reality, many projects face <\/span><b>delays, disputes, and financial setbacks<\/b><span style=\"font-weight: 400\">, leaving residents stranded in transit homes or dependent on stalled rent payments from developers.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_does_the_Maharashtra_Housing_Policy_2025_propose\"><\/span><b>What does the Maharashtra Housing Policy 2025 propose?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">The new policy acknowledges the recurring problems in redevelopment and suggests:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Separate RERA-like law:<\/b><span style=\"font-weight: 400\"> To ensure strict regulation and accountability.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Protection for homeowners:<\/b><span style=\"font-weight: 400\"> Addressing issues like halted projects, delayed possession, and unpaid rents.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Revival measures:<\/b><span style=\"font-weight: 400\"> Special focus on reviving stalled projects, especially slum and cluster redevelopments.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Push for self-redevelopment:<\/b><span style=\"font-weight: 400\"> The government has allocated <\/span><b>\u20b92,000 crore<\/b><span style=\"font-weight: 400\"> and proposed a <\/span><b>dedicated support cell<\/b><span style=\"font-weight: 400\"> for housing societies willing to undertake redevelopment on their own.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The policy emphasizes that without stringent regulation, homeowners face <\/span><b>financial, social, and mental distress<\/b><span style=\"font-weight: 400\">, especially when projects get indefinitely delayed.<\/span><\/p>\n<blockquote><p><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/maharashtra-government-considers-10-hike-in-ready-reckoner-rates-what-it-means-for-the-real-estate-sector\" target=\"_blank\" rel=\"noopener\">Maharashtra Government Considers 10% Hike in Ready Reckoner Rates: What It Means for the Real Estate Sector<\/a><\/strong><\/em><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"MahaRERAs_current_stance_on_redevelopment_projects\"><\/span><b>MahaRERA\u2019s current stance on redevelopment projects<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">MahaRERA, since its inception in May 2017, has resolved around <\/span><b>30,000 complaints<\/b><span style=\"font-weight: 400\"> from homebuyers. However, it has consistently ruled that redevelopment projects fall <\/span><b>outside its jurisdiction<\/b><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For example, in December 2022, MahaRERA dismissed a complaint by Mumbai homeowners, stating redevelopment was not covered under RERA. While it allowed residents to approach other authorities, it highlighted the urgent need for a clear legal framework to govern such projects.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_this_move_is_significant\"><\/span><b>Why this move is significant<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">With thousands of old buildings awaiting redevelopment across Maharashtra\u2014especially in Mumbai\u2014the proposed <\/span><b>separate RERA-like law<\/b><span style=\"font-weight: 400\"> could be a gamechanger. It has the potential to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Instill <\/span><b>greater trust<\/b><span style=\"font-weight: 400\"> among homeowners.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Ensure <\/span><b>timely completion<\/b><span style=\"font-weight: 400\"> of redevelopment projects.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Provide a <\/span><b>dedicated grievance redressal mechanism<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Encourage <\/span><b>self-redevelopment<\/b><span style=\"font-weight: 400\">, reducing dependence on private developers.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"In_summary\"><\/span><b>In summary:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Maharashtra Housing Policy 2025 aims to safeguard homeowners by introducing a separate RERA-like law for redevelopment projects, addressing long-standing gaps in regulation and protecting residents from delays, disputes, and financial distress.<\/p>\n<blockquote><p><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/maharashtra-government-greenlights-stamp-duty-concessions-for-dharavi-redevelopment-raigad-pen-growth-centre-projects\" target=\"_blank\" rel=\"noopener\">Maharashtra Government Greenlights Stamp Duty Concessions for Dharavi Redevelopment &amp; Raigad Pen Growth Centre Projects<\/a><\/strong><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Maharashtra government is gearing up to address one of the most pressing challenges in the real estate sector\u2014redevelopment.&hellip;<\/p>\n","protected":false},"author":5,"featured_media":7380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,86],"tags":[2986,2985],"class_list":["post-7379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maharashtra","category-rera-updates","tag-maharashtra-housing-news","tag-rera-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maharashtra Housing Policy 2025: Separate RERA-like Law Proposed for Redevelopment Projects<\/title>\n<meta name=\"description\" content=\"Maharashtra Housing Policy 2025 proposes a new RERA-like law for redevelopment to protect homeowners from delays &amp; disputes. 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