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MHADA Unveils Rs 15,956 Crore Housing Plan for 2025-26

Maharashtra’s housing needs, the Maharashtra Housing and Area Development Authority (MHADA) has set an ambitious target to construct 19,497 housing units across the state in the financial year 2025–26.

This plan spans multiple regions, including Mumbai, Pune, Konkan, Nashik, Amravati, Chhatrapati Sambhajinagar, and Nagpur, with a budget of Rs 9,202.76 crore earmarked to achieve this goal. The announcement, which is expected to offer affordable housing solutions for thousands of citizens, marks a significant part of MHADA’s broader strategy to combat the growing housing shortage in Maharashtra. The target for Mumbai alone is a considerable 5,199 homes, with a budgetary provision of Rs 5,749.49 crore. The Mumbai Board will spearhead several redevelopment projects, which form a key component of this housing drive, with substantial funds allocated to transforming older residential areas into modern, well-equipped living spaces. Notably, the redevelopment of the BDD chawls in prime locations such as Worli, Naigaon, and Parel has been prioritised, with Rs 2,800 crore set aside for this initiative. These chawls, home to thousands of working-class families, have long been a symbol of the state’s urban housing crisis, and their redevelopment is seen as a crucial step in improving living conditions.

Other key projects under the Mumbai Board include the redevelopment of the PMGP Colony in Jogeshwari East, the Paridhi Khadi project in Bandra West, and the Siddharth Nagar housing development in Goregaon. MHADA plans to build 19,497 housing units across Maharashtra in 2025-26, with significant redevelopment projects in Mumbai. Budget allocation: Rs 9,202 croreMHADA plans to build 19,497 housing units across Maharashtra in 2025-26, with significant redevelopment projects in Mumbai. Budget allocation: Rs 9,202 crore.Further supporting this effort are various social and civic infrastructure projects, including Rs 20 crore allocated for hostels at Parel’s Jijamata Nagar and Rs 50 crore for slum improvement in Malvani. A total of Rs 200 crore has been allocated for the rehabilitation project at the Sanjay Gandhi National Park, ensuring that urbanisation does not come at the cost of environmental and ecological balance. Beyond Mumbai, the Konkan Board has been allocated Rs 1,408.85 crore to build 9,902 housing units, with several projects aimed at improving infrastructure and community welfare. The Pune Board has been tasked with constructing 1,836 units, with an allocation of Rs 585.97 crore. Similarly, the Nagpur Board is set to develop 692 housing units, with Rs 1,009.33 crore dedicated to these projects.

In other regions of Maharashtra, the Chhatrapati Sambhajinagar Board will build 1,608 homes with Rs 231.10 crore, while the Nashik and Amravati Boards will contribute a smaller but significant number of units, targeting a combined total of 260 homes. These developments are a direct response to the growing demand for affordable housing options in the state, where soaring property prices and a lack of available space have left many citizens struggling to secure a home. MHADA’s new push for housing comes at a time when the state’s urban population continues to swell. These developments, funded by a robust annual budget that includes provisions for social amenities like healthcare centres, senior citizen homes, and women’s hostels, reflect a shift towards more inclusive, sustainable urban planning. For the first time, the authority is making concerted efforts to integrate infrastructure projects with residential housing, ensuring that new developments cater to both the economic and social needs of the population.

This push for new housing and redevelopment marks a significant moment in Maharashtra’s efforts to tackle its long-standing housing challenges, and with these funds now allocated, the next step will be the speedy and efficient execution of these projects.

MHADA Unveils Rs 15,956 Crore Housing Plan for 2025-26

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