India, May 22 -- The Maharashtra cabinet has approved the state's much-awaited 2025 Housing Policy, aiming to construct 35 lakh affordable homes by 2030. With an investment outlay of Rs.70,000 crore, the policy outlines a comprehensive plan to support homebuyers, developers, and other stakeholders across the housing ecosystem.

Here are five key takeaways from the newly announced policy:

The new policy-Majhe Ghar, Majha Adhikar (My Home, My Right)-marks Maharashtra's first major housing policy update since 2007.

Despite several draft proposals over the years, no policy was finalised until now. Officials said the update was long overdue, especially in light of the evolving housing needs post-COVID-19.

"This roadmap was essential because...