In a transformative move that aims to redefine urban housing in India’s second-most populous state, the Maharashtra government has rolled out its first comprehensive housing policy in nearly 20 years. Titled “Majhe Ghar, Majha Adhikar (My Home, My Right),” the policy lays down an ambitious vision for affordable housing, urban redevelopment, and inclusive infrastructure. With an eye on the future, it seeks to address the growing housing needs of a rapidly urbanizing state while ensuring that no citizen is left behind.

At the heart of this initiative is the target of constructing 35 lakh affordable homes by 2030 for the Economically Weaker Sections (EWS) and Low-Income Groups (LIG). Backed by a massive budget outlay of ₹70,000 crore, this policy is designed to make homeownership accessible and inclusive across urban Maharashtra.

• Boost to Self-Redevelopment:

One of the policy’s standout features is the support it provides to cooperative housing societies keen on undertaking self-redevelopment. A dedicated corpus of ₹2,000 crore has been set aside to aid societies financially and technically. This initiative is especially relevant in the Mumbai Metropolitan Region (MMR), where aging buildings and redevelopment bottlenecks are common. The government will offer end-to-end support including planning, approvals, and funding assistance.

• Redevelopment of Vertical Slums:

Maharashtra plans to address what it terms “vertical slums”—old and deteriorating structures built under early Slum Rehabilitation Authority (SRA) schemes. These buildings, often plagued by poor design and inadequate amenities, will be redeveloped using a cluster model. This ensures integrated planning, better civic infrastructure, and improved living standards for thousands of residents.

• Creation of a Government Land Bank:

To meet its ambitious construction targets, the policy emphasizes the identification and allocation of government land for residential projects. A collaborative effort involving departments like Revenue, Forest, and Industries will culminate in the formation of a residential land bank by 2026, laying the groundwork for large-scale affordable housing developments across the state.

• Establishment of Mahawas Niwas Nidhi:

To ensure timely and effective implementation of housing projects, the policy introduces Mahawas Niwas Nidhi, a ₹20,000 crore fund. This fund will support public agencies like MHADA and CIDCO in launching affordable rental housing schemes, catering not just to buyers but also to students, migrant workers, and low-income earners in need of temporary shelter.

• Digital Transparency and Monitoring:

In line with the government’s push for digital governance, the policy mandates the creation of a state housing portal. This platform will enable real-time project monitoring, transparent fund allocation, and grievance redressal. This digital initiative is expected to streamline the entire housing lifecycle—from land allocation to home possession.

A Vision for Inclusive Growth:

Beyond infrastructure, Maharashtra’s new housing policy is grounded in the principle of inclusivity. By prioritizing housing for women, senior citizens, and workers in the informal sector, the government hopes to create a more equitable urban environment. It also aims to foster public-private partnerships and empower local communities in planning and development. Maharashtra’s Majhe Ghar, Majha Adhikar housing policy is a much-needed intervention in the state’s urban development narrative. By focusing on affordability, redevelopment, and inclusive planning, the government is setting a precedent for other Indian states. If implemented effectively, this policy could usher in a new era of sustainable and equitable urban living in Maharashtra.

As a prominent and trusted name in Maharashtra’s real estate landscape, Majestique Landmarks stands aligned with the state’s visionary goals. With a legacy of delivering quality homes across Pune and beyond, we are committed to supporting inclusive urban growth through thoughtfully designed projects that cater to every income group. Whether it’s affordable housing, luxury developments, or integrated townships, Majestique Landmarks is prepared to play a proactive role in turning the Majhe Ghar, Majha Adhikar vision into reality—creating spaces where every citizen feels empowered to own their dream home.