In a landmark development aimed at addressing housing challenges and fostering inclusive urban growth, the Maharashtra Cabinet, led by Chief Minister Devendra Fadnavis, has approved the highly anticipated state housing policy, ‘Majhe Ghar – Majhe Adhikar’ (My Home – My Rights). Backed by an investment outlay of ₹70,000 crore, the policy targets the construction of 35 lakh (3.5 million) homes over the next five years, marking a transformative step in Maharashtra’s housing sector.
The real estate industry has hailed this initiative as a game-changer, emphasizing its potential to reshape Maharashtra’s urban landscape.
Mr. Prashant Sharma, President, NAREDCO Maharashtra, praised the policy, stating:
“‘Majhe Ghar – Majhe Adhikar’ is a significant move towards achieving Housing for All in Maharashtra. With a ₹70,000 crore investment and a focus on slum rehabilitation, redevelopment, and the MahaAwas Fund, this policy lays a strong foundation for inclusive urban growth. It promises to create employment opportunities, boost the real estate sector, and provide dignified housing for citizens across all income groups.”
Mr. Nishant Deshmukh, Founder and Managing Partner, Sugee Group, commented:
“This policy is a watershed moment for Maharashtra’s urban housing landscape. Its inclusive framework, addressing slum rehabilitation and providing homes for working women, senior citizens, and laborers, reflects the government’s commitment to social equity. With effective funding and transparent execution, it can unlock significant redevelopment opportunities in cities like Mumbai while enhancing quality of life.”
Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers, highlighted:
“The new housing policy is a forward-thinking initiative that prioritizes sustainability and eco-friendly development. The MahaAwas Fund and the goal of constructing 35 lakh homes are key to addressing the housing deficit and improving urban liveability. This is a pivotal step towards holistic and inclusive growth in the state.”
Mr. Samyak Jain, Director, Siddha Group, added:
“This visionary policy comes at a crucial time, addressing the pressing need for affordable housing across Maharashtra. By focusing on slum redevelopment and housing for EWS, LIG, and MIG categories, the government is fostering a more equitable urban environment. Public-private collaboration under this policy will be instrumental in transforming the housing ecosystem and uplifting urban communities.”
The ‘Majhe Ghar – Majhe Adhikar’ policy is seen as a historic milestone, promising to transform urban housing in Maharashtra while fostering sustainable growth and social equity.
