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Maharashtra To Bring New Housing Policy After 17 Years

Maharashtra To Bring New Housing Policy After 17 Years

BY Realty Plus
Published - Monday, 30 Oct, 2023
Maharashtra To Bring New Housing Policy After 17 Years

The state government plans to implement a new housing policy, including setting up a university for skilled manpower, promoting rental housing for migrant workers, and building affordable colonies for the elderly.

The policy aims to make more land available to developers, ensure quick project approvals, and integrate existing incentives. The focus will be on the "walk to work" concept in industrial areas. The policy is expected to come into effect next financial year. Stakeholders, including developers and consumer forums, have been consulted, and a consultant has been appointed to draft the policy.

The state government will roll out a new housing policy that is expected to thrust upon setting up a university to produced skilled manpower, promoting a rental housing scheme for migrant workers, and building affordable and elderly people-friendly colonies.

The last time such a policy was implemented was in 2007 which has now become redundant. The housing department had even drafted policies in 2015 and 2021 but they were never approved by the state cabinet.

This time, the department has held multiple meetings with the stakeholders including the organisations representing developers and consumer forums. It has appointed a consultant to help the government draft the policy by studying newer trends in the construction industry and technologies introduced across the globe and devising a people-friendly approach to make affordable housing possible.

The focus will be on the ‘walk to work’ concept that is expected to be implemented in the industrial areas such as Chakan, Maharashtra Industrial Development Corporation areas in Nashik, Aurangabad and other cities, and part of the Mumbai Metropolitan Region (MMR), the official said.

Apart from this, the policy will promote rental housing among the working class, especially the migratory workers. The townships are expected to be constructed and operated by developers, the official said.

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