Mumbai, Sep 26 (NationPress) The cities of Mumbai and Pune have experienced a significant uptick in housing sales following the COVID-19 pandemic. According to a recent report, the combined annual sales have surged from 46,528 units between 2016 and 2019 to 105,332 units during the period from 2022 to the first half of 2025 (H1 2025). This surge showcases a robust economic confidence and a strong demand in both metropolitan regions.

As per the findings, Mumbai has seen a capital appreciation of about 28 percent from 2019 to H1 2025, peaking with a growth rate exceeding 10 percent in 2023. Meanwhile, Pune has reported solid gains of approximately 20 percent, underlining the cities' escalating attractiveness and economic vitality.

The report further indicates that Mumbai and Pune are on the brink of a transformative housing revolution that could reshape homeownership for millions of middle and lower-income families.

In light of rapid market premiumisation, authorities have introduced an ambitious investment plan of Rs 70,000 crore, aiming to construct 3.5 million affordable homes by 2030. New peripheral clusters are emerging as practical alternatives to costly city centres.

“In Maharashtra, premium housing increased from about 43 percent to 59 percent of total launches between 2022 and H1 2025, while affordable housing priced under Rs 5 lakh decreased from around 15 percent to merely 12 percent,” noted Karan Singh Sodi, Senior Managing Director (Mumbai MMR and Gujarat) and Head-Alternatives, India, JLL.

The 'My House, My Right' policy aims to bridge this supply-affordability gap through an estimated investment of Rs 70,000 crore, focusing on 3.5 million EWS/LIG homes by 2030. This initiative emphasizes inclusivity, sustainability, and reliability.

Leveraging AI-driven transparency via the State Housing Information Portal (SHIP), the initiative integrates with government platforms like MahaRERA and PM Gati Shakti.

While premium housing has become the dominant trend in new launches, this shift has stimulated a comprehensive policy response to ensure inclusive growth.

The decline in the share of mass housing during this period (2022-H1 2025) underscores the necessity for strategic interventions, leading to this landmark affordable housing initiative.

India's prominent metropolitan regions are witnessing a significant shift in urban development, with emerging affordable housing corridors acting as catalysts for sustainable and inclusive growth.

“The Maharashtra State Housing Policy 2025 is arriving at a pivotal moment, as our residential markets are experiencing unparalleled velocity while confronting profound structural challenges in affordability and inclusivity,” stated Prashant Sharma, President, NAREDCO Maharashtra.

By prioritizing 'Majhe Ghar, Majhe Adhikar' as its guiding principle, this policy not only sets ambitious housing targets but also aims to transform Maharashtra’s urban landscape into a more equitable, sustainable, and inclusive environment for future generations,” he added.