News
Maharashtra Cabinet nods cut in realty premiums by 50 pc
The Maharashtra Cabinet on January 6 approved the proposal to cut real estate premiums by 50 per cent till December 31, 2021, according to sources quoted in media reports.
Premium typically refers to the multiple charges that are levied by the state with respect to approvals for initiating, progressing, and completing the area or additional area in a project
According to the committee, there are 22 premiums collected in Mumbai under various heads – including FSI, staircases, lift-wells and lobbies, etc. This is significantly higher than in other comparable top cities of the country. In Bengaluru, developers have to pay 10 different premiums and charges, in Delhi five and in Hyderabad three.
-
News4 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News3 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News1 week ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News2 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24