Saturday, January 23, 2021
  • About
  • Reach Us
  • Privacy Policy
STUFF UNKNOWN
No Result
View All Result
  • News
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle
  • News
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle
No Result
View All Result
STUFF UNKNOWN
No Result
View All Result
Home Business

Buying a house in Maharashtra will be easy, the state government reduced the 50% premium

January 6, 2021
in Business
3 min read
0
real estate Buying a house in Maharashtra will be easy, the state government reduced the 50% premium Buying a house in Maharashtra will be easy, the state government reduced the 50% premium
Share on WhatsappShare on FacebookShare on Twitter


Symbolic picture

The Maharashtra Cabinet has approved a proposal to cut the premium by 50 percent to promote the real estate sector.

Mumbai. The Maharashtra government made a big decision on the real estate sector on Wednesday. To give a boost to the real estate sector, the Maharashtra government approved a 50 per cent reduction in real estate premiums on construction in real estate projects. The new rules will apply to new projects already released and upcoming. The limit of this deduction has been kept on 31 December 2021.

Customers will have less burden to buy property
However, the Uddhav government has made it clear that the benefit of this rebate should be given to the customers at the time of stamp duty. This step will reduce the burden of buying property on the customers. Earlier, it was also decided to reduce the stamp duty in the state from 5 percent to 2 percent by 31 December 2020. Due to which there has been an increase in property registration. With this decision of the government, there was a big jump in the sale of properties in Mumbai and other major cities.

Customers will get relief during stamp dutyThis decision of the government will especially benefit the customers who take the building and flats to be built in metros like Mumbai, Thane, Pune and Navi Mumbai as the government’s steps will provide relief to the builders at the time of stamp duty. Earlier, the metropolitan municipalities had demanded from the government that due to Corona epidemic, there has been a significant reduction in the revenue of the metropolitan municipalities, so if the builders are given exemption in premium, then more and more building projects will be registered which will benefit the metropolitan Will be possible in their income.

Also read- HSRP: Good news for people of other states living in Delhi! New number plate will be made soon in Rajdhani itself

Homes can be cheap up to 15 percent
In fact, in Maharashtra, especially in the financial capital of the country, Mumbai has to pay about 30 percent of the total cost of the project in the form of premium and cess. Due to the cost of expensive land, premium and cess, the cost of the total project increases considerably and the common man has to pay more at the time of buying the house. Now with this decision of Thackeray government, it is expected that up to 15 percent of the price of houses in Maharashtra will be cheap.

Also read- World Bank’s estimate! Indian economy to decline 9.6% during FY 2021

Metropolitan municipalities had requested the government
According to the government, while waiving the premium, the builders will also have to decide whether to give a benefit transfer at the time of stamp duty of the customers. In fact, there was a demand from the metropolitan municipalities that due to Kovid-19 there has been a significant decrease in the revenue of the metropolitan municipalities, so if the builders are given exemption in premium, more and more building projects will be registered. The Municipal Corporation will benefit from this in their income. Therefore, the municipality wrote a letter to the state government requesting a reduction in premium.



READ ALSO

Gold, silver, international bullion to show weakness after three days of rapid rise

GoAir offers special offer, fly only for Rs 859

.

Tags: Government of MaharashtraHome in maharashtramaharashtra cabinetreal estateReal Estate Sector
SendShareTweet
Previous Post

Case filed against Salman Khan’s brothers, violated Corona rules

Next Post

Deepika Padukone Birthday Wishes Alia Katrina Others Extend Birthday Greetings To Deepika Padukone- Updated

Related Posts

gold b 110920 Gold, silver, international bullion to show weakness after three days of rapid rise Gold, silver, international bullion to show weakness after three days of rapid rise
Business

Gold, silver, international bullion to show weakness after three days of rapid rise

January 23, 2021
11
goair GoAir offers special offer, fly only for Rs 859 GoAir offers special offer, fly only for Rs 859
Business

GoAir offers special offer, fly only for Rs 859

January 23, 2021
14
flat 1 Lottery for 5600 cheap houses in Pune, if you have also applied, check your name like this Lottery for 5600 cheap houses in Pune, if you have also applied, check your name like this
Business

Lottery for 5600 cheap houses in Pune, if you have also applied, check your name like this

January 23, 2021
11
Fuel pricehike1 Petrol Diesel Price Today: Petrol diesel becomes expensive for the second consecutive day, see what is the rate in your city Petrol Diesel Price Today: Petrol diesel becomes expensive for the second consecutive day, see what is the rate in your city
Business

Petrol Diesel Price Today: Petrol diesel becomes expensive for the second consecutive day, see what is the rate in your city

January 23, 2021
14
credit card1 There are many details in the credit card statement, you will immediately know the disturbances ... There are many details in the credit card statement, you will immediately know the disturbances ...
Business

There are many details in the credit card statement, you will immediately know the disturbances …

January 23, 2021
14
UPI Payment careful!  NPCI also released Alert for UPI users, do not pay at this time or else ... careful!  NPCI also released Alert for UPI users, do not pay at this time or else ...
Business

careful! NPCI also released Alert for UPI users, do not pay at this time or else …

January 23, 2021
12
money 2 Want to earn up to 1 lakh rupees every month, then start this special business… Want to earn up to 1 lakh rupees every month, then start this special business…
Business

Want to earn up to 1 lakh rupees every month, then start this special business…

January 23, 2021
12
Load More
Next Post
deepikabdaywishes b 05 Deepika Padukone Birthday Wishes Alia Katrina Others Extend Birthday Greetings To Deepika Padukone- Updated Deepika Padukone Birthday Wishes Alia Katrina Others Extend Birthday Greetings To Deepika Padukone- Updated

Deepika Padukone Birthday Wishes Alia Katrina Others Extend Birthday Greetings To Deepika Padukone- Updated

RSMSSB jobs RSMSSB Recruitment 2020-21: Applications are sought for 1128 Forester and Forest Guard Recruitment.  Deadline: 07 January 2021 RSMSSB Recruitment 2020-21: Applications are sought for 1128 Forester and Forest Guard Recruitment.  Deadline: 07 January 2021

RSMSSB Recruitment 2020-21: Applications are sought for 1128 Forester and Forest Guard Recruitment. Deadline: 07 January 2021

Discussion about this post

POPULAR NEWS

Indian rAilway NW181 Big news for 40 million users of IRCTC, all your questions will be answered instantly. Big news for 40 million users of IRCTC, all your questions will be answered instantly.

Big news for 40 million users of IRCTC, all your questions will be answered instantly.

January 15, 2021
120
trump twitter cartoon 1 How were the trumped by the law of just 26 words, why the system could not change? How were the trumped by the law of just 26 words, why the system could not change?

How were the trumped by the law of just 26 words, why the system could not change?

January 11, 2021
68
til ki gazak recipe Gazak Recipe: Make Lohri and Makar Sankranti auspicious by eating sesame ghazak Gazak Recipe: Make Lohri and Makar Sankranti auspicious by eating sesame ghazak

Gazak Recipe: Make Lohri and Makar Sankranti auspicious by eating sesame ghazak

January 10, 2021
38
jacwulinebellepost b 14 Jacqueline Fernandez Stunning As A Ballerina Sets Instagram On Fire- Updated Jacqueline Fernandez Stunning As A Ballerina Sets Instagram On Fire- Updated

Jacqueline Fernandez Stunning As A Ballerina Sets Instagram On Fire- Updated

January 14, 2021
26
Money2 rs2000 PFC NCD issue: Government company giving long term huge earning opportunity, read all information including subscription PFC NCD issue: Government company giving long term huge earning opportunity, read all information including subscription

PFC NCD issue: Government company giving long term huge earning opportunity, read all information including subscription

January 15, 2021
25
Untitled 6 1 Hindi News - New Traffic Rule: These rules will be applicable on sitting on the back seat of the car and on the bike, will have to be given if you do not follow - News18 Hindi Hindi News - New Traffic Rule: These rules will be applicable on sitting on the back seat of the car and on the bike, will have to be given if you do not follow - News18 Hindi

Hindi News – New Traffic Rule: These rules will be applicable on sitting on the back seat of the car and on the bike, will have to be given if you do not follow – Hindi

January 16, 2021
24
deepikabdaypics b 06 Inside Deepika Padukone Birthday Celebrations Ranveer Plays Host Ranbir Kapoor And Alia Bhatt Attend- Inext Live Inside Deepika Padukone Birthday Celebrations Ranveer Plays Host Ranbir Kapoor And Alia Bhatt Attend- Inext Live

Inside Deepika Padukone Birthday Celebrations Ranveer Plays Host Ranbir Kapoor And Alia Bhatt Attend-

January 6, 2021
23
Load More

EDITOR'S PICK

christine Beauty Queen killed after gang rape, body found in hotel bathroom Beauty Queen killed after gang rape, body found in hotel bathroom

Beauty Queen killed after gang rape, body found in hotel bathroom

January 14, 2021
14
GAIL If you also have shares of GAIL, good news for you, the company made a big announcement If you also have shares of GAIL, good news for you, the company made a big announcement

If you also have shares of GAIL, good news for you, the company made a big announcement

January 15, 2021
16
gajar ka halwa 1 Eat carrot pudding in the cold season, health benefits Eat carrot pudding in the cold season, health benefits

Eat carrot pudding in the cold season, health benefits

January 19, 2021
13
pexels Gustavo Fring If you are a working professional, follow these 5 habits to stay healthy If you are a working professional, follow these 5 habits to stay healthy

If you are a working professional, follow these 5 habits to stay healthy

January 12, 2021
12
Load More

About

We bring you the Latest News Updates regarding Gadgets, Products, Politics, Finance and lot more to help you Discover the Unknown.

Follow us

Categories

  • Automotive
  • Business
  • Career
  • Entertainment
  • Lifestyle
  • Tech
  • World

Recent Posts

  • Gold, silver, international bullion to show weakness after three days of rapid rise
  • Chia Seeds can do harm as well as benefit, please join the diet – english
  • Tiktok Blackout Challenge News: Girl killed in Tick Talk playing Blackout Challenge, causing ruckus in Italy
  • GoAir offers special offer, fly only for Rs 859
No Result
View All Result
  • News
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.