The Maharashtra Housing and Area Development Authority (MHADA) has set a target to construct 19,497 housing units across the state in the 2025–26 financial year. This includes boys' and girls' hostels at Jijamata Nagar, Parel and a healthcare centre and housing units in Thane. The project will be executed through MHADA's regional boards in Mumbai, Pune, Konkan, Nashik, Amravati, Chhatrapati Sambhajinagar, and Nagpur. A budget of ₹9,202.76 crore has been allocated for this initiative under the approved annual budget.
The Authority recently reviewed and approved MHADA’s revised budget for FY 2024–25 of Rs 10,901.07 crore and the proposed budget for FY 2025–26 of Rs 15,956.92 crore. Under the Mumbai Board, 5,199 housing units are planned for construction in 2025–26, with a financial allocation of Rs 5,749.49 crore.
The Konkan Board aims to construct 9,902 housing units, with a budgetary allocation of ₹1,408.85 crore. The Pune Board has set a target of 1,836 units, for which ₹585.97 crore has been allocated. The Nagpur Board is expected to construct 692 units, with ₹1,009.33 crore earmarked.
In Chhatrapati Sambhajinagar, the target is 1,608 housing units, for which ₹231.10 crore has been allocated. The Nashik Board will construct 91 units with a provision of ₹86 crore, while the Amravati Board will construct 169 units with an allocation of ₹65.96 crore.
These new schemes are expected to facilitate access to affordable housing for citizens across Maharashtra.
For the Mumbai Board, ₹2,800 crore has been earmarked for the redevelopment of BDD chawls in Worli, Naigaon, and Parel. Additionally, ₹350 crore has been allocated for the PMGP Colony redevelopment project in Jogeshwari East, ₹205 crore for the Paridhi Khadi redevelopment project in Bandra West, and ₹573 crore for the construction of housing units at Siddharth Nagar, Goregaon.