In a major boost to affordable housing in Maharashtra, the Maharashtra Housing and Area Development Authority (MHADA) has set an ambitious target to construct 13,012 housing units across the state in the financial year 2026–27.
The authority has also received approval for a ₹17,430.73 crore budget, marking a significant increase from the revised ₹12,399.22 crore budget for FY26.
Strong Push for Affordable Housing Across Maharashtra
The new housing supply will be developed through MHADA’s regional boards in:
- Mumbai
- Pune
- Konkan Region
- Nashik
- Amravati
- Chhatrapati Sambhajinagar
- Nagpur
Out of the total budget, ₹10,585.12 crore has been allocated specifically for construction costs, highlighting the government’s focus on increasing housing supply across income segments.
Region-Wise Housing Targets
MHADA’s housing plan is spread across multiple regions, catering to various income groups:
- Mumbai Board: 2,538 housing units with a construction allocation of ₹6,747.42 crore
- Konkan Board: 5,112 units with ₹1,497.64 crore allocation
- Pune Board: 665 units with ₹664 crore allocation
- Nagpur Board: 2,008 units with ₹1,206.19 crore allocation
- Chhatrapati Sambhajinagar Board: 1,483 units with ₹258.32 crore allocation
- Nashik Board: 237 units with ₹151.57 crore allocation
- Amravati Board: 969 units with ₹59.98 crore allocation
Among all regions, the Konkan and Mumbai regions together account for a significant share of the total planned housing supply.
Additional Budget for Urban Infrastructure and Repairs
Apart from new housing construction, MHADA has also earmarked funds for urban improvement and maintenance:
- ₹2,711.95 crore allocated for works under the Mumbai Slum Improvement Board through government and MLA funds
- ₹661.73 crore allocated for repair and reconstruction of cessed buildings, transit accommodations, and maintenance of redeveloped structures under the Mumbai Building Repairs and Reconstruction Board
What This Means for Homebuyers
The increased housing supply is expected to:
- Improve availability of affordable homes across Maharashtra
- Support first-time homebuyers and middle-income families
- Reduce pressure on housing prices in key urban regions
- Strengthen government-led housing initiatives
With over 13,000 homes planned, MHADA’s strategy signals a continued focus on affordability and inclusive urban development, especially in high-demand regions like Mumbai and the Mumbai Metropolitan Region.
Conclusion
The approval of MHADA’s ₹17,430 crore budget and its target to build over 13,000 homes in FY27 underline the state’s commitment to addressing housing demand. With a strong allocation towards construction and infrastructure, the initiative is expected to play a key role in expanding access to affordable housing across Maharashtra.
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