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The Maharashtra Cabinet has approved a new housing policy titled "My House, My Right" to construct 3.5 million affordable homes by 2030 for underprivileged and marginalised groups. Announced on Tuesday, the 2025 housing policy was hailed as a 鈥済ame changer鈥� by Deputy Chief Minister Eknath Shinde, who also serves as the state鈥檚 housing minister.

Shinde stated that the initiative aims to support the state鈥檚 ambition of becoming a USD 1 trillion economy by ensuring sustainable, inclusive, and accessible housing for groups such as senior citizens, working women, students, industrial workers, journalists, differently-abled individuals, and ex-servicemen.

To facilitate this massive development push, the government will launch a State Housing Information Portal鈥攁 centralised AI-powered platform to track housing demand and supply, geo-tag properties, manage fund flows, oversee land acquisition, and ensure inter-agency coordination involving MahaRERA, Mahabhulekh, and PM Gati Shakti.

The policy also includes the creation of a state-owned land bank to support residential construction and promote housing closer to employment hubs. Under the new guidelines, 10 to 30 per cent of land reserved for amenities in MIDC areas will be repurposed for residential development, supporting the 'Walk to Work' model promoted by the Prime Minister.

All Metropolitan Region Development Authorities鈥攏ot just large urban local bodies with populations over 1 million鈥攚ill be mandated to implement inclusive housing plans.

A dedicated Self-Redevelopment Cell will be set up to guide housing societies through planning, financing, and execution. An initial allocation of Rs 20 billion will support these projects. Additionally, the state will contribute to a Rs 200 billion viability gap fund through the Affordable Housing Fund, in line with NITI Aayog鈥檚 recommendations.

The policy promotes environmentally sustainable development by mandating the use of innovative and climate-resilient construction techniques under the Global Housing Technology Challenge. Projects will be designed to mitigate risks from heatwaves, flooding, and earthquakes.

To ensure transparency and accountability in redevelopment, all projects will require a tripartite agreement between the society, developer, and regulatory authority. This will be supported by advance rent, escrow arrangements, and bank guarantees.

Funds from corporate social responsibility (CSR) initiatives will be mobilised to support housing schemes. Knowledge partners such as IITs, IIMs, WRI, and UDRI will be involved in the policy鈥檚 roll-out and oversight.

Finally, the policy encourages cluster redevelopment to transform slums. Stalled slum rehabilitation projects will be revived through competitive tenders and stricter oversight to eliminate malpractices and reduce delays.