Maharashtra Housing Policy 2025 formally approved: 5 things you should know

The Maharashtra government has rolled out the Maharashtra Housing Policy 2025, aptly named My House, My Right, with a mission to make affordable housing a reality for everyone in the state. Approved by the cabinet in May 2025 and formalized with a Government Resolution on July 23, 2025, this policy is a big step toward addressing housing challenges. Here’s a concise breakdown of its key highlights:

1. Massive Investment and Housing Goals: The policy aims to attract ₹70,000 crore in investments to build 35 lakh affordable homes by 2030. A dedicated land bank for residential projects will be ready by 2026, developed in collaboration with departments like Revenue, Forest, and Industries to streamline housing initiatives.
2. Reviving Stalled Projects: The policy focuses on jumpstarting delayed real estate and slum redevelopment projects, using a cluster redevelopment approach to make the process faster and more efficient.
3. Boost for Senior Living: In a groundbreaking move, stamp duty for senior living housing has been slashed to a flat ₹1,000, down from the earlier 5–7% of property value. This aims to make retirement homes more affordable and encourage private developers to invest in this sector.
4. Empowering Self-Redevelopment: The government is promoting self-redevelopment of old buildings, backed by a ₹2,000 crore fund. A dedicated support cell will guide housing societies through planning, funding, and execution. Over 25,000 buildings in the Mumbai Metropolitan Region alone, with projects worth ₹30,000 crore, are ripe for redevelopment, according to CREDAI-MCHI.
5. Statewide Housing Survey: To understand current housing needs, especially post-COVID changes in demand, the policy includes a district-wise housing survey, set to wrap up by 2026. This will help tailor solutions to specific regional needs.

The Maharashtra Housing Policy 2025 is a bold step toward affordable housing, senior care, and urban renewal, with clear targets and innovative incentives to transform the state’s housing landscape.