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Maharashtra s COVID-19 tally swells to 20 52 lakh with 3,297 new cases; 25 deaths reported

Maharashtra government to cut construction premiums by 50 per cent till December 31, 2021

Maharashtra government to cut construction premiums by 50 per cent till December 31, 2021 ByYogesh NaikYogesh Naik / Updated: Dec 13, 2020, 08:42 IST There has been a steady increase in registration of flats in Mumbai recently The Maharashtra government will slash construction premiums and levies by 50 per cent till December 31, 2021. The announcement, expected at the next cabinet meeting, is expected to give a boost to the real estate sector. The state has already reduced stamp duty from 5 per cent to 2 per cent, which has led to an increase in property sales. Soon after the lockdown started, the government appointed a committee under HDFC chief Deepak Parekh, which suggested cuts in stamp duty and premiums.

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