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NEW DELHI: If early signs are anything to go by, real estate is one sector that is going to be the hottest theme of Calendar 2021. In fact, it may also give a new lease of life to some other sectors that depend on it.
Macro data and early numbers reported by the real estate companies suggest a recovery is on the cards. Encouraged by lower property prices, cheaper loans and encouragement from the government authorities, demand has picked up.
Will the trend continue? Going by the signals the market is sending out and management commentaries, the answer is affirmative.
Maharashtra cuts real estate premiums by 50%. Buying homes to become cheaper
The reduction in premiums would help the Mumbai market, said analyst
(MINT PRINT)
The reduction of premiums will be applicable till 31 December, 2021
The Maharashtra government earlier slashed the stamp duty charges to boost real estate sector hit by coronavirus pandemic
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To boost real estate sector hit by the coronavirus pandemic, Maharashtra government on Wednesday decided to reduce all premiums related to the sector by 50%. It will be applicable till 31 December, 2021. All projects which want to avail of the premium concession will have to pay full stamp duty for the customers till 31 December. High premium puts a financial burden on developers leading to higher costs for the homebuyers. The reduction in premium cost will help softened prices and renewed buyers interest, said experts. The concession will be considered for premium rates whichever is higher, 1 April 2020, o