As per the Government Resolution (GR) issued on April 20, 2026, the funding has been sanctioned to help MahaHousing meet its immediate financial obligations, including loan repayments, interest liabilities, office expenses, employee salaries, and other administrative costs.

MahaHousing was originally established to execute large-scale housing projects under the Pradhan Mantri Awas Yojana (Urban). The corporation had recently requested financial assistance, citing the need to pay ₹2.31 crore towards loan installments and interest due in March 2026, along with an additional ₹5 crore requirement to manage operational and administrative expenses.

Considering the urgency, the state government has approved the ₹5 crore as a special provision from the Maharashtra Shelter Fund.

However, the government has clearly stated that this is not a grant but a recoverable fund. MahaHousing will be responsible for repaying the entire amount to the Shelter Fund on priority. The repayment will attract an interest rate of 3% or the prevailing bank deposit rate, whichever is higher. The government also retains the authority to revise the interest rate from time to time.

Additionally, MahaHousing has been directed to ensure that repayment is prioritized from its future revenues. The funds must strictly be used for the purposes outlined in the proposal, ensuring financial discipline and accountability.

The amount will be transferred to MahaHousing’s designated bank account held with Indian Bank’s BKC branch in Mumbai.

This move highlights the state government’s continued push to sustain housing projects under PMAY (Urban), while also maintaining financial oversight on state-backed housing agencies.

Also Read: MahaRERA Approves 1,060 Housing Projects Ahead of Padwa Across Maharashtra

The post Maharashtra Govt Approves ₹5 Crore Funding for MahaHousing from Shelter Fund appeared first on Square Feat India.

The Government Resolution, issued on March 24, 2026, confirms that both central and state shares will be disbursed through the SNA-SPARSH system to accelerate housing projects in multiple cities.

What Has Been Approved?

• Total Fund Released: ₹29.46 crore
• Central Share: ₹17.68 crore
• State Share: ₹11.78 crore

This funding falls under AHP (Affordable Housing in Partnership) component of PMAY (Urban), specifically targeting Scheduled Caste (SC) beneficiaries.

Where Will the Money Be Used?

The funds will support dozens of housing projects across Maharashtra, including:

• Chhatrapati Sambhajinagar (Aurangabad) – Multiple large EWS housing projects
• Pune & PCMC areas – Pimpri-Chinchwad, Kharadi, Hadapsar, Mahalunge
• Mumbai Metropolitan Region (MMR) – Navi Mumbai, Thane
• Nagpur, Nashik, Kolhapur, Solapur, Sangli, Chandrapur, Akola, Buldhana, Ahmednagar, Palghar

Most projects are focused on EWS (Economically Weaker Section) housing, with some including LIG/MIG units.

Scale of Housing Projects

Some major highlights:

• Thousands of EWS units in Chhatrapati Sambhajinagar
• Large-scale housing in Navi Mumbai (Taloja, Dronagiri, Kharghar)
• Multiple projects in Pune region, including PCMC and Maval
• Affordable housing developments in Tier-2 and Tier-3 cities

How the System Works

• Funds will be routed via SNA-SPARSH digital platform
• MHADA is the nodal (implementing) agency
• Local bodies and agencies must complete:
  • Project mapping
  • E-sign (E-Hastakshar) processes
  • Compliance with financial guidelines

Conditions & Compliance

The government has laid down strict rules:

• Funds must be used only for approved housing projects
• All agencies must follow financial and procedural guidelines strictly
• Proper monitoring and reporting is mandatory
• Any misuse or deviation will invite action

Why This Matters

This move is important because:

• It boosts affordable housing supply for weaker sections
• Helps speed up stalled or ongoing projects
• Strengthens PMAY (Urban) implementation in Maharashtra
• Supports the government’s “Housing for All” mission

Big Picture

With this funding push, Maharashtra is accelerating construction of affordable homes across urban regions, especially for SC beneficiaries. The focus remains on faster execution, transparency, and targeted delivery through digital monitoring systems.

Also Read: Maharashtra Implements ‘SNA-SPARSH’ System for Faster Fund Transfers under PMAY (Urban) and PMAY 2.0

The post 📰 PMAY Big Boost: ₹29.46 Crore Released for Affordable Housing Projects Across Maharashtra appeared first on Square Feat India.

The decision was issued through a Government Resolution dated March 12, 2026, by the state’s Housing Department. The funds will be disbursed through the SNA-SPARSH digital platform, which is used for the transfer of funds under the PMAY-Urban scheme.

Breakdown of Central and State Funding

The total sanctioned amount of ₹8.91 crore includes contributions from both the central and state governments:

• ₹5.34 crore – Central Government share
• ₹3.56 crore – Maharashtra State share

The funding forms part of the larger mother sanction of ₹269.65 crore approved by the Union Government for projects under the AHP component (SLS Code – MH 676) of the PMAY-Urban programme.

Implementation Through MHADA

The projects will be implemented under the supervision of the Maharashtra Housing and Area Development Authority, which has been designated as the state-level nodal agency for the scheme.

The Drawing and Disbursing Officer (DDO) for the funds will be the Finance Controller of MHADA, ensuring that the funds are allocated to implementing agencies for the specified projects.

Authorities have also directed all implementing agencies to complete SLS component mapping and the e-signature process on the SNAP portal before receiving funds under the scheme.

Affordable Housing Projects Across Multiple Cities

The funding will support several affordable housing projects across Maharashtra, including cities such as:

• Chhatrapati Sambhajinagar
• Nagpur
• Pimpri-Chinchwad
• Pune
• Kolhapur
• Chandrapur
• Solapur

These projects largely focus on Economically Weaker Section (EWS) housing units, with some developments also including Lower Income Group (LIG) units.

Major Housing Projects Supported

Among the major projects included in the funding list are:

• 3,288 EWS housing units at Sundarwadi in Chhatrapati Sambhajinagar
• 1,976 EWS units at Tisgaon in Chhatrapati Sambhajinagar
• 4,680 EWS units at another site in Tisgaon
• 1,288 EWS housing units at Brohadewadi in the Pimpri-Chinchwad Municipal Corporation area
• 1,442 EWS housing units at Charholi in Pimpri-Chinchwad
• 370 EWS housing units at Pimpri Waghire
• 568 EWS units at Akurdi in Pimpri-Chinchwad
• 264 EWS and 60 MIG units at Datala in Chandrapur
• 401 EWS housing units across locations in Nagpur
• 1,200 EWS and 1,200 LIG units at Dahitane in Solapur

Several projects are being implemented by municipal corporations such as Pimpri-Chinchwad Municipal Corporation and Pune Municipal Corporation, while others are being executed by regional housing boards under MHADA.

Focus on Tribal Housing Component

The funding released in this phase specifically targets the Scheduled Tribe (ST) component of PMAY-Urban, ensuring that tribal beneficiaries receive support under affordable housing initiatives.

Officials have directed implementing agencies to ensure that the funds are used strictly for the purpose for which they have been sanctioned, following financial guidelines issued by the state Finance Department.

Strengthening Affordable Housing Supply

The Affordable Housing in Partnership (AHP) model encourages collaboration between government agencies, housing boards, and private developers to build housing for economically weaker sections.

With the latest funding release, the state government aims to accelerate construction of affordable homes across urban areas and improve access to housing for low-income families.

Also Read: Maharashtra Implements ‘SNA-SPARSH’ System for Faster Fund Transfers under PMAY (Urban) and PMAY 2.0

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