To promote affordable housing and sustainable accommodation in the state, the Maharashtra government has recently announced a new housing policy, which is anticipated to come into force in November 2023. 99acres shares an overview of how the policy will benefit the homebuyers looking to invest in Maharashtra.

Mr Atul Save, Housing Minister of Maharashtra, announced on August 19, 2023, that the State Government is aiming to bring a new policy in November 2023. The discussions are in place with structural engineers, architects and other stakeholders in the realty sector to shape the policy in a way that the homebuyers can easily get clearances as required. Read the article to know the key highlights of the policy.

Maharashtra Housing Policy: Planned in November 2023

The Maharashtra government is drafting a new housing policy that will emphasise sustainable and affordable accommodation. The new policy is likely to come in the next two months by November. Some key areas likely to be covered under the policy include the construction of special townships, modification of the Rent Control Act, removal of restrictions in the redevelopment of slums and incorporating improvements in the redevelopment policy.

Mr Ramesh Prabhu, the chairman of the Maharashtra Society Welfare Association, has said that the State government drafted the previous housing policy in 2015. After the initial policy, various developments have taken place, such as Development Control and Promotion Regulation 2034 (DPCR), which is applicable to Greater Mumbai. Also, a unified DPCR is applicable to the entire state, excluding Mumbai. He also stated that the policy has to incorporate development in these places within this rule.

An official related to the housing development has indicated that the new policy is an enhanced version of the Housing For All scheme by the Centre.