Huge enhance to actual property: Maharashtra reduces all premiums by 50%
Now, shopping for houses will likely be cheaper in Maharashtra. In a giant enhance to actual property hit by the coronavirus pandemic, the Maharashtra authorities on Wednesday determined to chop all premiums associated to the sector by 50 %. It is going to be relevant until December 31, 2021.
The builders who go for the 50% discount in premiums will even must pay the complete stamp responsibility after they promote flats to consumers. Builders should give an enterprise to the native our bodies saying that they’ll pay the complete stamp responsibility and never cost any stamp responsibility from house consumers.
In keeping with the revised scheme, builders should pay premiums primarily based on the 2019 prepared Reckoner (RR) charges or the 2020 charges, whichever is greater.
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