Will real estate prices in Mumbai drop following the government's decision?

MC Explains: Will real estate prices in Mumbai drop following the government's decision to cut premium charges?

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The Maharashtra government had on January 6, 2021

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Approved a proposal to cut the premium for the Mumbai real estate market.

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By half until December 31, 2021. However

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The condition was that developers avail themselves of the scheme.

Would have to pay full stamp duty and registration charges on behalf of homebuyers.

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