Development premium cut likely to reduce Mumbai housing prices 7%: India Ratings

Development premium cut likely to reduce Mumbai housing prices 7%: India Ratings

MUMBAI: The Maharashtra government’s recent move to reduce all premiums related to the real estate sector by 50%, applicable till 31 December 2021, is likely to result in around 7% reduction in all-in prices in Mumbai and provide a significant boost to real estate demand, said India Ratings and Research.

News source : The Economic Times: Read Full News

 

 

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