Mumbai: With agents such as MHADA, a slum rehabilitation authority (SRA) and acceptance of BMC records in 2021, the state government can extend a 50% discount in premiums for several months.
The 50% discount scheme has ended on December 31.
A senior official said Urban Development (UD) is likely to re-introduce a scheme in the Country Cabinet and can be extended for the current financial quarter until March 31, 2022.
The state government in January 2021, issued a construction premium for government resolution deduction (GR) paid by the builder Up to 50% after the Cabinet approved the proposal.
According to the gr issued by the urban development department, the builder must pay a premium based on the level of READ Reckoner (RR) 2019 or 2020, which is higher.
Developers who choose to take advantage of discounts must provide efforts to local bodies that they will pay all stamp duty and do not charge the cost of the house buyer.
Discounts are only on premiums, not on the cost of development and CESS, but apply to ongoing and new projects.
This scheme is only valid until December 31, 2021.
“The file for premium collects almost with RS 5,000 Crore is waiting with various authorities in Mumbai.
If the scheme is brought back for three months, this income will be collected.
Not only will it generate income but also helps create stock Housing.
The three parties – Shiv Sena, Congress and NCP – are rising, and it is hoped that the scheme will be launched again for a minimum of 3-4 months, “a cabinet minister was told toi.
Following the scheme, BMC has received a record of approaching RS 12,000 Crore this year from Mumbai builders rushed to take advantage of a 50% discount.
Housing Minister Jitendra Awhad has urged the Minister of Chief (CM) Uddhav Thackeray and Deputy CM Ajit Pawar to extend the scheme.
“Ask for CM Uddhav Thackeray and DCM Ajit Pawar to extend the concession date in the premium for 6 months.
The concession has helped the building industry and income of all city companies, MHADA and SRA have risen.
In a normal course we cannot have.
Get so much income , “Awhad tweeted.
On September 2020, the Deepak PAREKH committee for the real estate industry has recommended a 50% discount in a different premium at the cost of BMC, including to improve FSI, the transfer of development rights, second ladder, and additional issues such as open and other space deficiencies.
The committee recommends a 50% discount for all of these premiums throughout the board, not only for the city but the whole country.