Maharashtra State Housing Policy 2025: What It Means for Nashik Buyers

Rs 70,000 crore, and what it is attached to

The document is dated 2025, and it is a policy rather than a scheme with an application form. Maharashtra has set a target of 35 lakh houses for economically weaker sections and low-income groups by 2030, and 50 lakh houses over ten years. The Rs 70,000 crore attached to that target is described in the policy as investment that is expected, drawing on the state, the private sector and central schemes together.

That distinction matters in Nashik because most coverage has treated the figure as a pot a buyer can draw from. Nothing in the document creates a subsidy a buyer applies for.

The income limits that decide whether you qualify

Eligibility for EWS and LIG runs on annual household income and carpet area. It has nothing to do with the price of the flat. Annexure 5 carries the table, sourced from GR No. PMAY-2019/No. 126 dated 16 March 2023.

Nashik Municipal Corporation has a population above 10 lakh, which places Nashik in the higher of the two columns the table uses. EWS covers annual household income up to Rs 6 lakh with carpet area up to 30 sq.m. LIG covers up to Rs 9 lakh with carpet area up to 60 sq.m. MIG covers up to Rs 12 lakh with carpet area up to 90 sq.m. Local bodies under 10 lakh population sit lower, at Rs 4.5 lakh for EWS and Rs 7.5 lakh for LIG.

The Rs 3 lakh ceiling that circulates widely is the older central PMAY figure, not this one.

The 20% rule that puts flats in buyers' hands

Clause 3.8.2 of the UDCPR, which the policy carries forward, is where a subsidised flat comes from. Any development on a plot larger than 4,000 sq.m inside a municipal corporation with a population of 10 lakh or more must hand 20% to MHADA. Nashik qualifies on population, so this reaches the larger projects going up around the city.

A developer can satisfy the obligation three ways: provide affordable plots of 30 to 50 sq.m for EWS or LIG, hand over 20% of the land on the same site or within a kilometre, or build housing equal to 20% of the area and transfer it.

MHADA then runs a lottery and must supply the beneficiary list to the developer within six months of building permission. The price is fixed at the ready reckoner construction rate for the year the Occupancy Certificate is issued, plus 25%, of which MHADA retains 1% as an administrative charge. All money moves between the developer and the beneficiary directly, and MHADA does not hold it.

You enter a lottery, and the price comes off a formula rather than a negotiation.

The clause that can hold up your possession

The planning authority cannot issue the Occupancy Certificate for the rest of a project until the OC is issued for the 20% handed to MHADA. Buy into a Nashik project on a plot above 4,000 sq.m and that component sits on the critical path to your own possession, whether or not you have any interest in the affordable units.

There are release valves. Where MHADA misses the six-month deadline, the developer may take the list from another government-designated authority inside the same period. Should that authority also fail, the developer can sell the units independently on the same terms.

What the policy does not say

Setting this out plainly matters, because secondary coverage has filled the gaps with numbers that are not in the document.

No interest subsidy percentage appears anywhere in its 74 pages. The state says only that it may introduce an Interest Subvention Scheme. Interest subsidy for the MIG segment is listed as a measure with no rate attached, and credit-linked subsidy for EWS and LIG is referenced as an existing central instrument rather than a new state one.

The Maha Awas Fund is real, and smaller in scope than its billing. The policy puts it at roughly Rs 20,000 crore of viability gap funding, calls it proposed, and aims it at project economics. There is no subsidy tenure, no price ceiling for EWS or LIG, and no state residency requirement anywhere in the text.

Before you rely on any of this

Confirm the plot size of the project you are considering, because the 20% obligation turns on 4,000 sq.m. Ask the developer for the date of building permission and whether MHADA has supplied the beneficiary list yet, since the six-month clock runs from that date. Anyone going through the lottery should price the flat off the ready reckoner construction rate plus 25%. The sale rate quoted at the site office is a different number.

A policy is not the operative instrument. Terms reach the ground through Government Resolutions and UDCPR amendments, so anything quoted to you as settled should be visible in a GR you can read. Ask for the number.

JebuK reviews Nashik projects against what the promoter has actually filed, including the MahaRERA completion date and the status of any inclusive housing component, before a buyer commits.