menu icon

Nod for 50% cut in premium for on year for cluster redevelopment in Mumbai

Dated on: Wednesday 31st May 2023

With the aim of promoting cluster redevelopment in the city, the state cabinet granted approval on Tuesday to a 50% reduction in premiums. Deputy Chief Minister Devendra Fadnavis, who also oversees the housing portfolio, clarified that this reduction in premiums would be applicable for a duration of one year. Domnic Romell, President of CREDAI-MCHI, a representative organization of the housing industry, expressed that this decision discourages the fragmented development of standalone buildings that lack adequate infrastructure, while simultaneously fostering the adoption of cluster redevelopment.

More News
jcb truck1 car1 car2 truck2

About RERA Filing

RERA Services

Useful Links

RERA in states

Contact us

Disclaimer - RERA Filing is a private company which do registration and RERA Consultancy. It is not a government organisation.

Copyright © 2023 RERA Filing. All rights reserved.