Maharashtra’s real estate landscape is undergoing a strategic overhaul with the introduction of the Maharashtra Housing Policy 2025, a framework designed to promote structured redevelopment, self-reliance, and targeted housing support across the state. Analysts say the policy could set the stage for long-term stability in urban property markets while addressing gaps in existing regulations.
One of the most significant reforms is the proposal for a separate RERA-style regulatory framework for redevelopment projects. Current legislation under the Real Estate Regulatory Authority Act, 2016, does not extend to redeveloped properties, leaving buyers and existing homeowners vulnerable to stalled projects or unfulfilled commitments. “A dedicated regulatory framework could ensure accountability, milestone enforcement, and enhanced disclosure norms for redevelopment projects,” an industry official noted. The policy also actively promotes self-redevelopment initiatives, encouraging societies to renovate and modernise existing structures without relying solely on external developers. “By supporting resident-led redevelopment, the policy seeks to empower communities while reducing dependency on third-party builders, ultimately contributing to safer and more sustainable urban housing,” said a senior urban planner.
Maharashtra’s approach is notably progressive in targeting senior citizens’ housing. Stamp duty on senior-living properties has been standardised at Rs 1,000, a substantial reduction from the previous 5-7 per cent of property value depending on location. Experts highlight that this fiscal incentive is expected to catalyse investment in age-friendly residential projects, addressing a growing demographic need in urban centres. To inform policy and urban planning decisions, the state government has proposed a comprehensive housing demand survey across districts. This data-driven initiative aims to assess housing shortages, affordability gaps, and spatial requirements, enabling more effective allocation of resources and prioritisation of housing projects. “Understanding district-level demand is critical for equitable urban development and sustainable housing provision,” an official explained. The Maharashtra Housing Policy 2025 signals a broader shift in urban governance, emphasising structured redevelopment, enhanced transparency, and fiscal incentives that align with long-term social and economic objectives. Developers and urban planners suggest that these measures could increase investor confidence while creating more inclusive, accessible, and sustainable housing options.
As cities across Maharashtra continue to expand, the policy offers a framework that balances private investment, community-led initiatives, and government oversight. Observers note that its success will depend on rigorous implementation, inter-agency coordination, and adherence to timelines, particularly in high-density urban clusters.
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