The government wants to develop 2 lakh homes in Mumbai and Pune within three years, transforming the housing markets. This ambitious plan seeks to eliminate Mumbai slums, increase MHADA lottery possibilities, and revive SRA projects.

Given the large number of stalled housing projects, the SWAMIH fund, which finances their completion, has demonstrated potential but has scalability issues. Despite completing over 26,000 residences and recovering a major share of investor funds, it needs to expand its reach and efficiency.

The Government of India is urging banks to use the'special window' it has opened up to expedite the completion of large-scale real estate projects worth more than 3 lakh crore.

The Maharashtra Housing & Area Development Authority (MHADA) has submitted proposals to the state government for three significant Mumbai redevelopment projects that are expected to impact the city's real estate market.