Buying houses turns into cheaper as Maharashtra reduces all premiums by 50%

Image Source : FILE IMAGE Big increase to actual property: Maharashtra reduces all premiums by 50%
Now, shopping for houses can be cheaper in Maharashtra. In a giant increase to actual property hit by the coronavirus pandemic, the Maharashtra authorities on Wednesday determined to chop all premiums associated to the sector by 50 p.c. It can be relevant until December 31, 2021. 

The builders who go for the 50% discount in premiums may also need to pay the whole stamp obligation once they promote flats to patrons. Builders should give an endeavor to the native our bodies saying that they may pay the whole stamp obligation and never cost any stamp obligation from residence patrons. 

According to the revised scheme, builders should pay premiums based mostly on the 2019 prepared Reckoner (RR) charges or the 2020 charges, whichever is greater.
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