JLL || Quote - Maharashtra cuts real estate premiums by 50%

Inputs by Siva Krishnan, Managing Director - Chennai & Coimbatore and India Head, Residential Services, JLL India on Maharashtra Govt’s decision to reduce all premiums related to the sector by 50%.

“This move will help to reduce the landed cost for the Developers thereby rationalizing the cost and reducing the burden on customers. It is expected to further trigger the recovery of the residential real estate market which has seen a good uptick in last 2 quarters due to factors like lower interest rates, pro-active measures from the govt like stamp duty reduction. These moves, coupled with the current measures will go long way in enticing both end users and investors back to the residential market. The country's residential sector is already seeing an acceleration in sales leading to a fast paced recovery from the impact of the pandemic.”

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