Maha Cabinet clears housing policy, expects an investment of Rs 70,000 crore

IANS May 20, 2025 244 views

The Maharashtra government has unveiled an ambitious housing policy targeting comprehensive development for multiple demographic groups. Chief Minister Devendra Fadnavis led the cabinet's approval of a massive Rs 70,000 crore investment plan to construct 35 lakh houses. The policy specifically focuses on providing housing solutions for low-income earners, senior citizens, women, industrial workers, and students. By creating district land banks and developing a state-level housing portal, the government aims to revolutionize affordable housing accessibility in Maharashtra.

"My house - My rights" - Maharashtra Government Housing Policy Motto
Mumbai, May 20: The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, cleared the state's housing policy aimed at providing affordable housing.

Key Points

1

Aims to construct 35 lakh affordable houses in five years

2

Expects massive Rs 70,000 crore investment in housing sector

3

Prioritizes housing needs for low-income, workers, students

4

Proposes MahaAwas Fund expansion to Rs 20,000 crore

The housing policy is based on the objective of 'My house- My rights.

The government expects an investment of Rs 70,000 crore during the implementation of the ambitious housing policy in five years. It proposes to carry out a comprehensive programme for slum rehabilitation and redevelopment.

The specific needs of low-income earners, senior citizens, women, industrial workers and students will be given priority consideration in the policy, said the Maharashtra government in a statement.

The government proposes to construct 35 lakh houses in five years.

Further, the government plans to increase the size of MahaAwas Fund to Rs 20,000 crore. The district land banks of the government and semi-government will be created.

The state-level portal will soon be developed for providing information on housing development through government-private sector partnership, developers and state-run undertakings.

Meanwhile, the cabinet also cleared seven other proposals of various departments.

The cabinet has approved the setting up of a compressed biogas project using biomethanation technology.

A parcel of land at Deonar under the jurisdiction of the Brihanmumbai Municipal Corporation will be made available on lease at a concessional rate to Mahanagar Gas Limited.

The Cabinet gave its approval for clearing proposals pending with the Industry Department under its policies, whose term has expired.

It also decided to establish a senior civil court at Karanja, District Washim. Approval was given for the creation of 28 posts and expenditure of Rs 1.76 crore for this purpose.

The Cabinet cleared the revised cost of Rs 5329.46 crore for the Sulwade Jamphal Kanoli Lift Irrigation Scheme, Taluka Shindkheda, District Dhule. Irrigation capacity of 52,720 hectares will be created.

Furthermore, the Cabinet also approved the revised cost of Rs 2025.64 crore for the project under the Aruna Medium Project, Mouje Het, Taluka Vaibhavwadi, District Sindhudurg.

About 5,310 hectares of irrigation capacity will be created.

The Cabinet gave administrative approval of Rs 6394.13 crore for the Poshir Project, Taluka Karjat, District Raigad and also Rs 4869.72 crore for the project in Shilar Taluka, Karjat in Raigad District.

Reader Comments

R
Rajesh K.
Finally some good news for Mumbai's middle class! Affordable housing has been a dream for decades. Hope this policy actually reaches common people and doesn't get stuck in builder-politician nexus. The 35 lakh target seems ambitious but necessary. 🤞
P
Priya M.
While the intentions seem good, I'm skeptical about implementation. Previous housing schemes in Maharashtra got delayed by years. They should first focus on completing existing projects before announcing new mega plans. Also, what about transparency in allocation?
A
Amit S.
Great move! The focus on industrial workers and students is much needed. Mumbai's mill lands redevelopment should be priority. But government must ensure quality construction - we don't want another building collapse tragedy like we've seen before.
S
Sunita P.
As a working woman in Mumbai, I appreciate the special consideration for women. But will these houses actually be in accessible locations near workplaces? Or will they be in far-off suburbs with 3-hour commutes? Location matters as much as affordability.
V
Vikram J.
The irrigation projects approval shows balanced development approach. But 70,000 crore is huge money - hope there's proper audit mechanism. We've seen too many scams in Maharashtra housing sector. CM Fadnavis should personally monitor progress.
N
Neha T.
Slum rehabilitation is good, but what about proper urban planning? Mumbai needs holistic development - better roads, water supply, sewage along with housing. Otherwise we'll just create more congested vertical slums. Think long-term, not just vote bank politics!

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Tags:
Maharashtra Housing Policy Devendra Fadnavis Affordable Housing Mumbai Real Estate Infrastructure Development