MHADA Plans 3 Million Affordable Homes for Mumbai Region by 2030

The MMR Growth Hub Project aims to transform housing, boost GDP, and address redevelopment challenges with public-private collaboration.

The Maharashtra Housing and Area Development Authority (MHADA) hosted a workshop to outline its MMR Growth Hub Project, targeting 3 million affordable housing units by 2030.
2.2 million units will be delivered through slum rehabilitation, while 800,000 will come from MHADA and CIDCO-led affordable housing schemes.
The project aligns with Niti Aayog’s vision to increase MMR’s GDP from $140 billion in 2023 to $300 billion by 2030 and contribute to India’s $1.5 trillion economy goal by 2047.
MHADA is diversifying into new housing models, including rental housing, student hostels, working women’s hostels, and old-age homes, to cater to diverse population needs.
Officials emphasized the need for regulatory reforms, reduced costs, and private sector collaboration to overcome redevelopment challenges and ensure timely project execution.