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CREDAI to provide free Covid vaccination to 2.5 crore construction workers

CREDAI to provide free Covid vaccination to 2.5 crore construction workers
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Realty sector gets a booster shot

Realty sector gets a booster shot
Realty sector
The realty industry, which was impacted heavily because of the coronavirus pandemic and economic downturn, has received a much-needed booster shot in the budget presented by the Finance Minister Nirmala Sitharaman on Monday. The government has responded positively to the realty industryâs demand by extending the period for extra deduction of Rs 1.5 lakh available for loans up to March 31, 2022. Further, the FM has proposed extension of the tax holiday for one more year.
ANAROCK CMD Anuj Puri said the union budget was literally a make or break even considering the ââMargaret Thatcher moment.ââ ââAs anticipated affordable housing and rental housing got a big boost with the extension up to March 31, 2022 for extra deduction of Rs 1.5 lakh available for loans. This will keep demand buoyant for affordable housing in 2021 as well. Further, extending the tax holiday for affordable housing proj ....

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Reduced Real Estate Premiums To Generate Economic Activity Worth Rs 10 Lakh Crore In MMR: CREDAI MCHI

Reduced real estate premiums to generate economic activity worth Rs 10 lakh crore in MMR: CREDAI MCHI
Maharashtra Government’s decision will also lead to increase in new residential project launches in MMR and make housing affordable for homebuyers
Representative Image (Source: Unsplash)
Maharashtra government’s decision to reduce real estate premium by half is expected to generate economic activity worth Rs 10 lakh crore in MMR, real estate industry body Credai MCHI has said.
CREDAI MCHI also estimates that the premium reduction will help residential real estate new launches make a comeback in Q1 of 2021, to almost 100% of pre-Covid level (Q1, 2020). Premiums and approvals attribute to approximately 30% of project cost, according to CREDAI MCHI research. ....

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Maharashtra govt cuts real estate premiums by 50%. What it means for homebuyers

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 ....

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real estate: Maharashtra government approves 50% reduction in realty development premiums

Synopsis
The premium will be calculated based on ready reckoner rates of 2019 or 2020, whichever is higher. The move is expected to support the property sector by reviving stalled projects, avoid delays and rein in speculative price rise.
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The decision is expected to impact big cities in the state including Mumbai as on an average, one-third of a project’s cost goes towards over 22 premiums collected in the country’s most expensive realty market.
MUMBAI: The government of Maharashtra has approved the proposal to reduce premiums charged by the civic authorities on real estate development by 50% for the next one year until December 31, 2021, as recommended by the Deepak Parekh committee. ....

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