Reaction by Mr. Abhishek Jain, COO, Satellite Developers Private Limited (SDPL) on Maharashtra Government approving lowering of construction premiums by 50%

New Delhi, January 13, 2021: After being hit by the pandemic, the real estate sector has seen a solid recovery on the back of stamp duty reduction and a good festive season. Now this move of reduction in premiums by 50% will help rationalize input costs for the developers and will go a long way in expediting project completion thereby keeping price escalation in control. The industry will also witness new launches in the market attracting investments from institutions. All in all a good move that will sustain the growth of the real estate industry in the coming months.

Corporate Comm India (CCI Newswire)