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- 29/07/2025
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The Maharashtra Cabinet has approved the state housing policy for 2025, titled ‘Majhe Ghar – Majhe Adhikar’ (My Home – My Rights), with an ambitious investment of 70,000 crore. The policy aims to build 35 lakh homes in the next five years, addressing the growing demand for affordable housing across the state.
A key component of the policy is the creation of the 20,000 crore ‘Maha Aawas Nidhi’, which will fund large-scale housing projects under the new framework. The initiative also focuses on slum rehabilitation, redevelopment, and the establishment of a grievance redressal committee to ensure quality standards and prevent delays in redevelopment. A 2,000 crore self-redevelopment fund will encourage cooperative housing societies to independently undertake redevelopment projects.
The policy includes a transformative rent-to-own model targeting working women, students, and industrial workers. These groups will be able to occupy homes on rent for up to 10 years, with an option to purchase the property after the rental period.
Additionally, the policy promotes integrated urban development with a focus on affordable housing, supported by robust infrastructure. It also introduces a State Housing Information Portal (SHIP) for transparent tracking and data-driven decision-making. This strategic approach aims to address the urgent need for affordable housing while supporting social equity and improving the urban landscape.
