Maharashtra’s 2025 Housing Policy Offers Big Boost to Senior Living Projects; Stamp Duty Slashed to ₹1,000
Maharashtra’s 2025 Housing Policy Offers Big Boost to Senior Living Projects; Stamp Duty Slashed to ₹1,000
The Maharashtra government has rolled out its much-awaited Housing Policy 2025, introducing sweeping incentives for senior living housing projects across the state. One of the most notable measures includes a flat ₹1,000 stamp duty for buyers, replacing the current rate of 5% to 7% depending on location.
Along with stamp duty relief, property tax concessions will be extended to senior homebuyers, while developers stand to gain from tax relaxations and increased Floor Space Index (FSI) limits. This marks Maharashtra’s first comprehensive housing policy in nearly 20 years, reflecting a shift toward modern, inclusive housing, including senior and student living accommodations.
To support the growth of elderly housing, the government plans to redevelop old-age homes and orphanages located on state-owned land. These outdated facilities will be refurbished and integrated with senior living projects. As per the 2011 Census, 10% of Maharashtra’s population was above 60—higher than the national average—and is expected to rise to 17% by 2036.
The state notes a shift from joint families to nuclear households, driving demand for independent senior living setups. The policy recognizes this demographic shift as an urgent reason to invest in upgraded, age-friendly infrastructure.
Real estate developers are already preparing to launch senior living projects. Under Unified Development Control and Promotion Regulations (UDCPR), a distinct category for senior citizen housing has been introduced, further encouraging investment.
Key Developer Relaxations Under Housing Policy 2025:
- Zoning Flexibility: Projects can be developed in both residential and green zones.
- Mandatory Registrations: Must register with RERA and district-level Monitoring Committee.
- Location Mandates: Public transport and medical facilities within 5 km radius.
- Amenities: Recreational areas, gyms, dining halls, nurse stations, and on-call doctors are mandatory.
- Partnerships: Tie-ups with registered service providers, hospitals, or NGOs required.
- Infrastructure: Minimum 3,000 sq. meters plot size with 12-metre-wide roads.
Developer Incentives:
- Higher FSI allowance
- Single-window clearance
- Concessions in development charges and GST
- Mixed-use permission with up to 15% commercial usage
These initiatives aim to make senior housing developments financially viable while ensuring residents receive high-quality care and facilities.
With the implementation of the Maharashtra Housing Policy 2025, the state aims to set a national example in creating sustainable and inclusive housing solutions for an ageing population.
