Maharashtra Government’s Bold Move: 50% Premium Waiver for Cluster Development!
That sounds like a significant development in cluster redevelopment in Mumbai. The Maharashtra government has taken a step to encourage cluster redevelopment by granting a 50% waiver in premium that developers have to pay for cluster development. This waiver is applicable for schemes under Regulation 33 (9) of the Development Control and Promotional regulations and will be in effect for one year. The aim is to incentivize developers to submit their plans for approval quickly.… Read more