Maharashtra's New Government Faces High Hopes from Real Estate Sector

The Mahayuti alliance's landslide victory is seen as a chance to address housing affordability, stalled projects, and infrastructure growth.

The real estate sector has expressed optimism about the Mahayuti alliance's victory, hoping for policies that promote affordable housing and streamline project approvals.
Industry leaders are urging the new government to prioritize slum rehabilitation, redevelopment, and urban infrastructure improvements across Maharashtra, particularly in Mumbai.
Calls have been made for reduced stamp duty, rationalized GST, and tax incentives to boost homebuyer sentiment and attract investment in the sector.
Homebuyers are seeking faster resolutions of complaints filed with MahaRERA, as delays in hearings have caused significant frustration for those awaiting possession of homes.
Reviving stalled housing projects and addressing redevelopment of aging buildings in Mumbai are seen as critical steps to meet the state's housing demands and economic goals.