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January 2021

How a 50% premium cut will impact the real estate players, homebuyers and state government

Luxury Real Estate in Mumbai

There are as many as 22 premiums collected in Mumbai under various heads – including FSI, staircases, lift well, lobbies, etc. The 50% reduction will give relief to cash-starved developers and reduce their overall capital requirements. It can also help them avoid project delays due to funding issues. The Maharashtra government decision to half the…

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