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DLF, Oberoi Realty: Strategy for realty stks as Maharashtra halves premiums

The Maharashtra government has slashed premiums and levies charged on construction by 50 per cent, till December 31

Topics
Real estate stocks | Maharashtra government | stamp duty

Avdhut Bagkar  |  Mumbai 



infra, realty, buildings, real estate
The S&P BSE realty index hit 52-week high of 2,607 in the intra-day trade today

Shares of real estate companies were in focus at the bourses on Thursday, surging up to 7 per cent on the BSE after the slashed premiums and levies charged on construction by 50 per cent till December 31 2021.

The cut, under the Development Control and Promotion Regulation 2034, will apply to both ongoing and new projects. Municipalities charge this premium on floor space index (FSI). The move is expected to give a boost to the real estate sector in the state. READ MORE

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First Published: Thu, January 07 2021. 12:16 IST

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