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Time tested and popularly believed to be immune to market volatilities; the Indian real estate sector has remained faithful to investor expectations through the many ups and downs in the last couple of years. ....
Maharashtra govt allows flexible payment of slum rehabilitation project premiums SECTIONS Share Synopsis The civic body already allows developers to pay charges in instalments. The change in norm is expected to provide relief to realty developers in terms of managing their liquidity and will help in avoiding the delays in completing the project due to financial issues. Agencies Real estate projects involving redevelopment and rehabilitation are the mainstay of the property market in the country’s commercial capital as the land-starved city has very few vacant land parcels, and most of the development is undertaken through these projects. Real estate developers executing slum rehabilitation projects in Mumbai, the country’s biggest property market, will now be allowed to pay premiums or levies to the Slum Rehabilitation Authority (SRA) for such projects through instalments. ....