In a historic push for inclusive urban development, the Maharashtra Cabinet has approved a bold new housing policy titled ‘Majhe Ghar – Majhe Adhikar’ (My Home – My Rights). Backed by an investment outlay of ₹70,000 crore, the policy promises to build 35 lakh homes over the next five years, marking one of the most ambitious housing initiatives in the state’s history.
Led by Chief Minister Devendra Fadnavis, the policy focuses on slum rehabilitation, redevelopment, and housing for marginalised groups, including working women, labourers, and senior citizens. The move aims to bridge the growing housing deficit while promoting sustainable urban planning and liveable cities.
Real estate industry welcomes the move
The real estate industry has hailed the policy as a transformational step.
Prashant Sharma, President of NAREDCO Maharashtra, called it a game-changer, adding,
“With a clear target of 3.5 million homes and a ₹70,000 crore plan, the government is showing serious commitment to Housing for All. The creation of a MahaAwas Fund and focus on slum redevelopment will help meet both housing and employment goals.”
Nishant Deshmukh, Founder and Managing Partner at Sugee Group, highlighted the inclusive scope of the policy.
“This decision could redefine urban housing. From working women to the elderly, the government is planning homes for all. It also opens massive redevelopment opportunities, especially in Mumbai.”
Shraddha Kedia-Agarwal, Director of Transcon Developers, praised the eco-friendly focus.
“The policy resonates with our vision. Sustainability, women-centric planning, and transparent execution make it a powerful growth blueprint.”
Samyak Jain, Director of Siddha Group, underlined the impact on affordability.
“The emphasis on housing for EWS, LIG, and MIG groups ensures dignity and opportunity for millions. This is a visionary step towards transforming urban Maharashtra.”
Focus areas of the policy:
- 35 lakh homes to be built across Maharashtra
- ₹70,000 crore investment over 5 years
- Priority on slum rehabilitation and redevelopment
- Launch of a MahaAwas Fund for housing finance
- Housing support for working women, senior citizens, and labourers
- Promotion of eco-friendly, sustainable development
- Aimed at urban transformation and job creation
With real estate leaders backing the initiative, the policy is expected to reshape the housing landscape, fuel economic activity, and promote social equity across Maharashtra.
