December 30, 2025: Maharashtra’s Housing Policy 2025 emerged as a defining reform for the state’s real estate sector, placing redevelopment, self-redevelopment and senior living at the centre of its agenda. Rolled out in July 2025, the policy introduces regulatory changes, financial support mechanisms and targeted incentives aimed at reshaping housing delivery across the state.
A key proposal is the introduction of a separate RERA-like law exclusively for redevelopment projects. The policy highlights that redevelopment currently falls outside the scope of the Real Estate (Regulation and Development) Act, 2016, leaving grievances unaddressed by MahaRERA. The approved policy states, “The RERA Act does not apply to redeveloped properties. A separate law is necessary to regulate such redevelopment projects and properties.” The move seeks to address past instances of stalled redevelopment projects that left homeowners without rent or possession. Industry stakeholders believe a dedicated law could bring predictability and accountability. Manan Shah, MD, MICL Group, said, “A dedicated law can hard-code accountability, milestones and disclosure standards specifically for redevelopment, reducing scope for disputes and delays.”
The policy also provides a ₹2,000 crore push for self-redevelopment, alongside the creation of a dedicated state cell to assist cooperative housing societies with planning, funding and execution. Developers view the focus on faster approvals as a step towards improving confidence among societies and lenders.
Another major initiative is a statewide housing demand survey, proposed in view of post-pandemic shifts in housing needs. The survey, targeted for completion by 2026, will assess district-wise demand and guide future policy decisions.
Senior living housing receives a significant boost, with stamp duty reduced to a flat ₹1,000 from the earlier 5–7% of property value. Additional incentives include property tax concessions, tax relaxations for developers and higher FSI allowances.
The policy also outlines a plan to construct 35 lakh affordable homes by 2030 under the ‘Majhe Ghar – Majhe Adhikar’ scheme, involving an investment of ₹70,000 crore.
While the policy promises sector-wide growth and urban renewal, reports caution that its success will depend on coordinated execution, timely clearances, land availability and addressing operational delays, particularly in tenant eviction processes.
Source: Hindustan Times
