New policy focuses on affordable housing

The cabinet on Tuesday announced the state's new Housing Policy 2025, focusing on affordable and inclusive housing.

- Yogesh Naik

MUMBAI: Titled 'Majhe Ghar — Majhe Adhikar', the policy aims to build 3.5 million homes for economically weaker sections (EWS) and low-income groups (LIGs) by 2030, and 5 million units in the next 10 years. This would involve an investment of ₹70,000 crore.

The policy also introduces special measures for seniors, working women, students, journalists, differently abled individuals and industrial workers. Housing schemes are also proposed for government employees, ex-servicemen, freedom fighters, artists, mill and mathadi workers, as well as airport employees. These schemes will be implemented through public-private partnerships.

For the first time, Corporate Social Responsibility (CSR) funds can be used by companies for affordable and social housing projects (for working women, senior citizens, student housing), and incentives will be offered.