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Premium on transfer of slum flat to dip to Rs.50,000: Maharashtra deputy CM

Dated on: Thursday 18th May 2023

Deputy Chief Minister Devendra Fadnavis, who also holds the housing portfolio, announced that the state government plans to reduce the premium for the transfer of a slum redevelopment flat from Rs 1 lakh to Rs 50,000. The premium must be paid to the housing society. Fadnavis also stated that builders will be required to pay a year's rent in advance. At all 56 MHADA layouts, camps will be held to distribute Deemed Conveyance to housing societies and complete paperwork for redevelopment. Fadnavis shared these details at a seminar on self-redevelopment.

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