The Maharashtra Housing Policy 2025 has introduced reforms for redevelopment, self-reliance, and targeted housing support, a significant turning point in the state's real estate sector this year. With this policy, there will be a separate RERA-like law for redevelopment projects, self-redevelopment and a survey for a statewide housing demand to understand the current needs across districts.

In July 2025, the Maharashtra Housing Policy 2025 initiated a separate RERA-like law for redevelopment projects as the redevelopment projects and properties do not come under the RERA Act, 2016.

Due to this separate law, it will promote a well-managed redevelopment ecosystem as multiple redevelopment projects in the past have been delayed or stalled, creating discomfort among homebuyers when the developers stopped paying them rent.

Manan Shah, the MD of MICL Group said that with this law the redevelopment timelines will be met, protect homebuyers and societies, and encourage reputed builders and developers to take accountability across the sector.

In Maharashtra's 2025 Housing Policy, the government has encouraged self-redevelopment by allocating ₹2,000 crore and proposed the formation of a dedicated cell to assist cooperative housing societies. To promote self-redevelopment, this cell will supply funding, proper support, guidance for thorough planning, selection of credible developers and project execution.

This policy is accepted by the developers to make the redevelopment approvals and procedures more efficient. Manan Shah said that because of this policy, there will be a structural reset for Mumbai's housing market and these measures can enhance the bankability of the project.

Post Covid-19, there have been changes in the housing needs and consumption patterns, for which the Maharashtra government has proposed a housing demand survey to understand the current demands across all state districts. Due to the drastic changes in housing demands, it is important to update the policy to meet the recent needs and requirements. This detailed analysis is expected to be completed by 2026 to know better the district-wise housing demand.

As for the senior living housing, the Maharashtra Housing Policy 2025 has further introduced a major incentive by reducing the stamp duty to a flat ₹1,000 from earlier 5 to 7% of the property value, based on the location. With this policy, the state government aims to promote development for retirement homes as well as make them more affordable for the buyers.

Furthermore, the government will also provide property tax concessions for owners of senior living homes. The developers undertaking these projects will get various tax relaxations and enhanced Floor Space Index (FSI) allowances.

The Maharashtra government is planning to build 35 lakh affordable homes for the Economically Weaker Sections (EWS) and Lower Income Group (LIG) categories with an investment of ₹70,000 crore. These homes will be under the policy named 'Majhe Ghar - Majhe Adhikar'.

The Maharashtra Housing Policy 2025 is a blend of regulatory reform, financial innovation and technological integration for quality across all residential asset classes. With this policy, it aims to increase growth in allied sectors. Focusing on slum rehabilitation and self-redevelopment is intended to upgrade informal settlements into safe and respectable homes, marking an important move toward achieving a slum-free Maharashtra.