🏠My House, My Right: Affordable Living in Mira-Bhayandar

1. A Policy Two Decades in the Making

In May 2025, the Maharashtra government formally approved the State Housing Policy 2025—its first major housing initiative since 2007—under the banner “My House, My Right”. The policy lays out an ambitious plan to construct 3.5 million (35 lakh) affordable homes by 2030, with a long-term goal of 5 million (50 lakh) homes over the next decade.The Times of India+12The New Indian Express+12Realty Today+12ETRealty.com+4Goel Ganga Developments+4The Economic Times+4

2. Supported by Strong Backing: ₹70,000 Crore Investment

Anchored with a projected investment of ₹70,000 crore, the policy targets not only housing provision but sustainable urban growth. Further, the MahaAwas Fund is set to be expanded to ₹20,000 crore to support its execution.Mid-day+2The Indian Express+2

3. Key Pillars of the Policy

• Land Banks & Digital Transparency

A state-owned land bank will be set up by 2026 to streamline land availability. A central Housing Information Portal, powered with AI, will track demand, fund allocation, geotag projects, and coordinate with agencies like MahaRERA.Hindustan Times+4The New Indian Express+4The Economic Times+4

• Self-Redevelopment for Housing Societies

To empower redevelopment without external developers, the policy allocates ₹2,000 crore and establishes a dedicated support cell for cooperative housing societies.The Economic Times+2Hindustan Times+2

• Slum Rehabilitation & Cluster Redeployment

A strong push is planned for slum-free development—with cluster redevelopment adopted for outdated SRA buildings. This includes using central government land and involving MHADA, CIDCO, and other agencies.The Indian Express+1

• Inclusive Housing for Vulnerable Groups

The policy extends affordable housing eligibility across EWS, LIG, MIG segments and prioritizes senior citizens, working women, students, industrial workers, ex-servicemen, differently-abled individuals, among others.Mid-day+9The New Indian Express+9S3WaaS+9

• Senior-Living Incentives

A standout feature: stamp duty for senior living homes is reduced to a flat ₹1,000, a massive drop from the prior 5–7% slabs. Additional perks include property tax relief and FSI (Floor Space Index) enhancements.Hindustan Times+2Instagram+2

• Data-Driven Habitat Planning

A comprehensive, district-wise housing demand survey will be completed by 2026, ensuring allocation and planning are based on real data.S3WaaS+2Hindustan Times+2

4. What This Means for Mira-Bhayāndar Homebuyers

• Greater Affordable Inventory & Opportunity:
  Prioritized segments and digital clarity mean more affordable housing schemes could directly benefit homebuyers in Mira-Bhayāndar.
• Redevelopment Boosts for Resident Societies:
  Local co-ops may use self-redevelopment support to modernize existing structures, improving living conditions while retaining community.
• Enhanced Transparency & Accessibility:
  The AI-driven portal means real-time updates on schemes, availability, and approvals—reducing red tape for local applicants.
• Senior Citizens’ Edge:
  Retirees eyeing Mira-Bhayāndar stand to gain significantly from low-cost senior-living options.
• Slum-Free Growth & Mixed Housing:
  Redevelopment models could bring improved infrastructure, amenities, and property value uplift in adjoining pockets.

5. Transformative Growth: The Path Ahead for Mira-Bhayāndar

As India’s urban dynamics shift, this housing policy could catalyze transformation in Mira-Bhayāndar—introducing inclusive neighborhoods, upgraded infrastructure, and floodgates of new housing supply tailored to needs.

For prospective buyers, keeping tabs on policy rollouts and upcoming schemes is a smart move—especially in the affordable to mid-income segment.

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