The draft of the Proposed Housing Policy 2024, has raised concerns amongst housing activists and the state housing federation. They argue that it lacks a clear vision and effective, real-time solutions for key issues like affordable housing, slum rehabilitation, rental housing, and construction finance. They describe it as a pre-election strategy aimed at attracting voters rather than addressing real needs. 

The state government’s housing department is crafting a new Housing Policy for 2024, replacing the last policy introduced in 2007. Since then, the real estate sector has seen major changes, including the Development Control and Promotion Regulations (DCPR)-2034 for Mumbai and the Unified Development Control and Promotion Regulations (UDCPR)-2020 for the state. These regulations have significantly influenced real estate across the state, according to a report in this paper.