Reaction by Mr. Bhushan Nemlekar – Director, Sumit Woods Limited on Maharashtra Government’s decision to marginally hike ready reckoner rates from September 12, 2020

New Delhi, September 15, 2020: The Government has given mixed signals. They have reduced the stamp duty which is a welcome move. And now with the marginal increase in ready reckoner rates, the cost will increase as the premiums and other charges which are linked to the ready reckoner rates will also increase resulting in an increase in the cost of flat. We are hoping that BMC will reduce the premium percentage so as to give relief to the real estate industry.

Corporate Comm India (CCI Newswire)