BLUEPRINT FOR URBAN TRANSFORMATION

Niranjan Hiranandani on Maharashtra's housing policy, its focus areas, and how it is a catalytic, visionary blueprint for inclusive urban transformation

- Ashish Sinha

Maharashtra's recently unveiled state housing policy is a commendable initiative aimed at addressing the pressing need for affordable housing in urban areas. This policy is a strategic move that aligns with the state's aspiration to be India's leading economic force. It focuses on rental housing for working women, students, and industrial workers, contributing to both economic growth and social welfare.

Benefits of the Housing Policy

One of the standout features of this policy is the walk-to-work model. This model promotes the development of rental housing near employment hubs, supported by efficient multi-modal infrastructure and last-mile connectivity. By reducing commuting stress, it enhances productivity while boosting demand in industrial and commercial real estate sectors. Over time, this will drive the need for residential projects like townships and cluster developments, fostering integrated urban growth.