Maharashtra’s 'Majhe Ghar - Majhe Adhikar' Policy 2025: A New Era for Affordable Housing in Pune & Beyond

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In a historic decision that may reshape the future of urban living across Maharashtra, the state cabinet led by Chief Minister Devendra Fadnavis approved the "Majhe Ghar - Majhe Adhikar" (My Home - My Rights) housing policy on May 26, 2025. With a staggering budget of ₹70,000 crore and an aim to build 35 lakh homes in the next five years, this visionary policy holds promise for economically weaker sections (EWS), lower-income groups (LIG), and the broader middle class.

The plan is not just about housing—it’s about urban transformation, equitable development, and social empowerment. This blog delves into the policy’s impact, its reception by Pune’s real estate community, and what it means for Maharashtra’s housing future.

Policy Overview

The 2025 housing policy comes after a nearly two-decade-long wait since the previous version in 2007. With an eye on inclusive growth, the new framework emphasises:

Construction of 35 lakh homes by 2030

Dedicated housing for EWS, LIG, women, students, senior citizens, and industrial workers

Boosting public-private partnerships

Affordable rental housing mechanisms

Launch of SHIP (State Housing Information Portal) for transparency

This multi-faceted approach not only targets the housing deficit but also integrates employment generation, infrastructure growth, and real estate revival as part of its objectives.

Why It Matters for Pune

As one of Maharashtra’s most rapidly urbanising cities, Pune stands to benefit tremendously. The city has seen unprecedented demand in recent years, especially in suburbs like Hinjewadi, Wagholi, Tathawade, and Ravet.

The housing policy’s massive investment pipeline will inject liquidity into local real estate and open avenues for small and mid-sized developers. Most importantly, it addresses the urgent need for structured and affordable housing amid rising property prices and population inflow.

Developer Community Reacts: Industry Leaders Share Their Thoughts

Manish Jain – President, CREDAI Pune Metro

Calling the policy "visionary," Jain applauded the government’s resolve to construct 35 lakh homes for the underserved communities. He emphasized its importance for sustainable and resilient urban growth. Jain also highlighted that the policy is not just about infrastructure—it’s about ensuring dignity through shelter and inclusivity.

CREDAI has expressed willingness to collaborate closely with the government to ensure efficient implementation, suggesting a strong public-private synergy in the days ahead.

Shantilal Kataria – Executive Council Member, CREDAI Maharashtra

Kataria emphasised the policy’s timeliness and necessity, citing the 18-year gap since the last housing roadmap. He pointed out that Maharashtra’s leadership in urbanisation makes this policy pivotal.

He also welcomed the State Housing Information Portal (SHIP), which aims to digitise approvals, track project progress, and enhance transparency. For Kataria, rental housing provisions within the policy are particularly critical to address urban migration and student housing challenges.

Dinesh Agrawal – Co-Chairman, BramhaCorp Ltd

Agrawal views the policy as a “transformational leap” that not only targets housing needs but catalyses economic and infrastructure expansion. According to him, developers now have a clear roadmap that opens new public-private partnership opportunities.

He reiterated that for builders, homes are more than structures—they’re vehicles of social mobility and long-term security for families. The 'Majhe Ghar - Majhe Adhikar' sentiment aligns perfectly with that belief.

Aakash Agarwal – Managing Director, Krisala Developers

For Agarwal, the policy signals a new growth phase. He noted that ₹70,000 crore investment is not just capital injection—it’s a socioeconomic investment. The proposed 35 lakh homes will drive downstream economic activity—from cement and steel to jobs in construction, architecture, and design.

Agarwal believes the policy simplifies the ecosystem and enhances collaboration between government bodies and private players.

Key Features of the Housing Policy

Affordable Housing Push: Projects will be incentivized for offering homes to EWS and LIG with government-backed subsidies.

Rental Housing Reform: Legal and financial frameworks will support affordable rental housing to address urban migration.

Land Use Optimization: Government land parcels will be opened for development under clear guidelines.

Fast-Tracking Clearances: Online single-window platforms like SHIP to cut red tape.

Sustainability & Resilience: Emphasis on green buildings, climate-responsive infrastructure, and disaster resilience.

Special Provisions: Custom solutions for senior citizens, students, and migrant workers.

What It Means for Real Estate Investors

For end users, the promise of affordable, regulated housing in key urban pockets is significant. But for investors and developers, it presents a once-in-a-decade opportunity to align with a policy that has government backing and a mass market need.

Additionally, with the increased focus on infrastructure and streamlined approvals, the gestation periods for real estate projects could reduce, improving ROI and reducing developer risk.

Challenges Ahead

While the policy is comprehensive, implementation will be key. Land acquisition, municipal coordination, funding pipelines, and maintaining quality while scaling up remain major hurdles.

Real estate developers also expect clarity on FSI norms, tax incentives, and allotment mechanisms to effectively contribute to the policy’s goals.

The Road Ahead

If executed successfully, Maharashtra’s housing policy could become a blueprint for other states. The integration of digital tracking via SHIP, encouragement of green housing, and commitment to social inclusion make this more than just a housing initiative—it’s a paradigm shift.

For Pune, which is already a hotbed of urban innovation, this policy could trigger a new wave of smart, inclusive neighborhoods.

Conclusion

'Majhe Ghar - Majhe Adhikar' isn’t just a government scheme—it’s a social contract to make dignified living a right for all. As the real estate community gears up to support this vision, Maharashtra inches closer to the dream of “Housing for All.” Whether you're a buyer, investor, policymaker, or developer, the next five years will redefine what homeownership means in India’s most urbanised state.