The reduction of premiums will be applicable till 31 December, 2021 The Maharashtra government earlier slashed the stamp duty charges to boost real estate sector hit by coronavirus pandemic "The reduction in premiums would help the Mumbai market as the city collected as many as 22 premiums under various heads, which is higher than other top cities. In the current economic scenario, the step would ease the burden and soften the prices resulting in more sales in the coming months," Mani Rangarajan, Group COO, Housing.com, Makaan.com and Proptiger.com said. High premium puts a financial burden on developers leading to higher costs for the homebuyers. The reduction in premium cost will help softened prices and renewed buyers' interest, said experts. The concession will be considered for premium rates whichever is higher, 1 April 2020, or the current annual market price table. Repost @b2b_ind. #b2b #business2business #b2bind #businessnews #microsoft #startupnews #californian #dailymarketupdate #indianentrepreneur #digitalindia #startupshow #jeffbezos #businessindia #personalityfacts #skillindia #startupindia #billgatesquotes #billgates #indianstartups #marketnews #amazon #millionairemindset #indianstartups #flipkart #walmart #amazonindia #instagram #mukeshambani #adani #godrej #mahindra (at Maharashtra) https://www.instagram.com/p/CJ0u9VGgkFd/?igshid=46vc3wi7p4za