Slashed Levies Will Boost Demand And Timely Execution of Projects
Property prices in Maharashtra are seeking continuous low due to the inducement of series of policies and reforms by the Central and State Government. Recently, the Maharashtra government approved a 50 percent concession on all the premiums levied on construction projects by the government till December 31, 2021. The concession on premiums have also been levied by local administration and planning authorities in the state and is the first of its kind step taken by the state government. The move has suggested boosting the stock prices of realty developers and lowering the prices for home buyers. The slashing of levies marked a positive turn in the real estate market and various celebrities and homebuyers are tuning in to invest in realty. The real estate market which was slowed down considering various reasons has now been reenergized and the demand for realty has seen considerable growth. According to Gaurav Shah, Director of Ravi Group , “the house sales witnessed a massive jump o