Maharashtra’s Housing Landscape: What’s in Store for November 2023?
The Maharashtra government is planning to introduce a new housing policy by November 2023. The policy is expected to focus on providing affordable and sustainable housing to the people of the state.
Some of the key features of the new policy are likely to include:
- The creation of special townships for affordable housing.
- Modification of the Rent Control Act to make it easier for people to rent out their homes.
- Removal of restrictions on the redevelopment of slums.
- Incorporation of improvements in the redevelopment policy.
The new policy is also expected to take into account the recent changes in the Development Control and Promotion Regulation (DPCR) for Greater Mumbai. The DPCR is a set of regulations that govern the development of land in Greater Mumbai. The new housing policy is expected to be aligned with the DPCR and other relevant regulations.
The Maharashtra government is currently in the process of finalizing the new housing policy. The policy is likely to be released for public consultation in the coming weeks.
Here are some of the benefits of the new housing policy:
- It will provide affordable housing to the people of Maharashtra.
- It will make it easier for people to rent out their homes.
- It will help to reduce slums in the state.
- It will improve the quality of life for the people of Maharashtra.
The new housing policy is a welcome initiative by the Maharashtra government. It is a step in the right direction to address the housing crisis in the state.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
