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Housing is one of the most essential needs for a human to survive on this planet. Thankfully, the state of Maharashtra has taken significant steps to address the growing demand for affordable homes, especially for the rural people. The Chief Minister of Maharashtra unveiled the plan of the Rural Development Department (RDD) to draft a plan to provide affordable housing in Maharashtra within 100 days from January 1st to April 10th, 2025. Let us talk about this Maharashtra affordable housing plan in detail in this article.
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RDD has planned to provide affordable housing units in Maharashtra within a 100-day timeline. This affordable housing plan aims to streamline regulatory processes and provide land to landless beneficiaries. Through this initiative, the government of Maharashtra wants to offer affordable housing to all to drive the state to overall development and sustainability. RDD will set up land and sandbanks to make this 100-day plan a reality in Maharashtra. Besides, the government has also directed several initiatives to support this affordable housing plan.
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The 100-day action plan announced by the Maharashtra government will change the way people live in the state within a short timeframe with these key features:
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Although the 100-day affordable housing scheme in Maharashtra seems promising, its success largely depends on how the government overcomes the following expected challenges:
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So, what exactly will be the benefit of creating affordable housing in Maharashtra within a 100-day timeframe? Read on to understand the benefits of this affordable housing plan in the state:
To sum up, the 100-day action plan for affordable housing in Maharashtra can smartly address the housing challenges experienced in the state. However, the road ahead is full of challenges that need meticulous planning, collaboration from stakeholders, and sustained efforts for a successful implementation. Most importantly, if this action becomes a reality, then Maharashtra’s vision for affordable housing can also set a benchmark for other states. If this 100-day action plan by the Government of Maharashtra is made into reality, it can transform lives and drive inclusive growth across the state. When completed, the list of affordable housing projects in Maharashtra will stand as a testament to the state’s commitment to ensuring housing for all.
The Affordable Housing Action Plan Act is a recent act proposed to promote the development of affordable housing for low and middle-income groups. The purpose of this act is to increase the availability of affordable houses for the needy.
The affordable housing policy in Maharashtra means offering affordable houses to economically weaker sections (EWS), lower-income groups (LIG), and middle-income groups (MIG).
An affordable housing plan means to construct and offer affordable homes to those sections of society that are deprived of homes.
The stamp duty on affordable housing in Maharashtra is not the same for all cities within the state. It varies from city to city and also the gender of the property owner. The stamp duty on affordable homes in Maharashtra is somewhere between 6 and 7% and is generally lower than standard rates to encourage homeownership.
The latest Stamp Duty Act in Maharashtra makes it mandatory for each property owner in the state to pay the Maharashtra state stamp duty and registration charges. This latest revision of the Stamp Duty Act has various amendments in inclusion of e-payment of stamp duty Maharashtra, gift deed stamp duty Mumbai, revision in penalty clauses, and increment of stamp duty under certain instrument clauses.
Published on 29th January 2025