Maharashtra Govt Promises Favourable Policies For Housing, Real Estate

(Left to Right) Mrs. Meghana Sakore Bordikar, Minister of State, Government of Maharashtra, Mrs. Smita Patil, President of MAHI, NAREDCO and Dr. Niranjan Hiranandani, Chairman, NAREDCO

Mumbai, September 2, 2025: The Maharashtra government will make every possible effort to frame infrastructure-related policies, including those that promote housing in the state, in line with changing requirements.

Meghana Sakore Bordikar, Minister of State, gave the assurance to the industry while addressing the two-day NAREDCO 17th National Convention, titled ‘India Builds: Reimagining Growth through Real Estate and Infrastructure’.

Niranjan Hiranandani, Chairman, NAREDCO, called for a new blueprint of infrastructure policies in the present context. Bordikar assured that recommendations submitted to the state government at the conclusion of the convention—relating to new town planning, sewage and water management, recycling of water and incentives to industry—would be duly considered in accordance with the needs of the sector.

However, she remained non-committal on the issue of rationalising stamp duty in Maharashtra. She added that while no immediate promises could be made on that front, the government is committed to doing its best for progressive infrastructure development, which it is already actively pursuing under the current regime.

Maharashtra is also prioritising sustainable development to address water scarcity. Plans include revamping water resources and ponds for improved yield. With support from the Centre, Maharashtra is also focusing on river connectivity and extending subsidies for primary infrastructure and basic amenities.

Smita Patil, President, MAHI, NAREDCO, urged the state government to extend comprehensive policy support to the real estate industry so that existing gaps are addressed and collaboration between the government and stakeholders can drive inclusive growth in infrastructure and housing.

Hiranandani emphasised that the housing and real estate sector must grow at a rate of at least 15 per cent annually for India to achieve developed-nation status well before the targeted year of 2047.

Prashant Sharma, President, NAREDCO Maharashtra, said, “We welcome the government’s commitment to progressive, infrastructure-led policies. What the sector needs is consistency, transparency and ease of doing business to boost investor confidence.”

With focus on town planning, water management and sustainable growth, Maharashtra can cement its position as India’s leading real estate destination, and NAREDCO Maharashtra is ready to partner in this journey, he added.