FSI Premium Waivers To Benefit Mumbai Developers, Says ICICI Securities
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ICICI Securities Report
The Government of Maharashtra’s Urban Development Department in a notification dated January 06, 2021 has approved a 50% discount/concession on all the various premiums levied by the government on construction projects till December 31, 2021.
This also includes concessions in the premiums levied by all planning authorities/local administrations in Maharashtra.
A rider is that developers availing the discount need to bear the stamp duty costs of 5-6% of agreement value on behalf of buyers.
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