Maharashtra realtors seek extension of development fee concessions Synopsis In the state’s capital of Mumbai, the country’s biggest property market, on an average more than one-third of any real estate project’s cost goes towards 22 premiums — the highest anywhere in India. Real estate developers have approached the Maharashtra government seeking to extend the current benefits of reduced development cess and premium until the end of 2021, in the backdrop of the disruption caused by the second wave of the Covid-19 pandemic. The state government, following representations from the Brihanmumbai Developers Association (BDA) and subsequent reports from the municipal commissioner and the chief executive of the