The Maharashtra government has codified the Maharashtra Housing Policy 2025, dubbed My House, My Right, with the goal of ensuring cheap and appropriate housing for all inhabitants.
The strategy establishes major objectives, such as redeveloping ancient structures, rehabilitating slum people, and revitalising stalled real estate and slum redevelopment projects through public-private partnerships.
The policy includes a large endeavour to create a designated land bank for residential use by 2026, with the goal of expediting home development across the state. To promote senior living housing, the government has reduced stamp duty to a flat amount of ₹1,000. This is projected to make retirement housing more accessible and increase private sector engagement in the market.
The Maharashtra government’s cabinet adopted the new Maharashtra Housing Policy 2025 in May 2025; however, on July 23, the Maharashtra Housing Department issued a Government Resolution (GR) on the policy, marking one step closer to its implementation in the state.
Here are five things you should know about the Maharashtra Housing Policy 2025.
1) Investment of ₹70,000 crore expected under the Maharashtra Housing Policy 2025
The government anticipates an investment of ₹70,000 crore for the policy execution. It aims to create a 35 lakh-unit affordable housing portfolio by 2030. The government’s new initiative intends to develop a residential land bank by 2026.
This program will be carried out in collaboration with the Revenue Department, Forest Department, Maharashtra State Road Development Corporation, Water Resources Department, and the Industries Department, among others.
2) Revival of stalled projects
The Maharashtra government’s 2025 housing policy includes targeted initiatives to restart delayed real estate and slum rehabilitation projects, particularly by implementing a cluster redevelopment model for improved efficiency and scale.
3) Stamp duty relaxations for senior living housing
The Maharashtra government’s Housing Policy 2025 offers a significant incentive for senior living housing. Stamp duty has been decreased to a flat ₹1,000, replacing the former slab of 5-7% of property value depending on region. The move intends to increase the affordability of retirement homes while also accelerating development in an underdeveloped market.
4) Push for self-redevelopment of old buildings
The Maharashtra government’s recently authorized housing strategy heavily promotes self-redevelopment. The state has earmarked ₹2,000 crore and recommended creating a dedicated unit to encourage cooperative housing groups.
This cell will provide comprehensive support, including guidance on planning, funding, developer selection, and project execution, allowing societies to undertake redevelopment on their own.
CREDAI-MCHI, the leading association of real estate developers, reports that around 25,000 structures in the Mumbai Metropolitan Region (MMR) are eligible for rehabilitation, with an estimated project value of more than ₹30,000 crore.
5) Affordable housing survey
As part of its Maharashtra Housing Policy 2025, the Maharashtra government has proposed conducting a housing demand assessment in all districts to determine present requirements. The government highlighted that housing demands and consumption patterns have shifted dramatically since COVID-19, necessitating an update to the regulatory framework.
Concluding
According to the policy, a full housing need survey and analysis would be conducted in all state districts and completed by 2026. This will allow for a district-level insight into housing demand.
