In order to promote the redevelopment and real estate industry, the state government has issued a notice; U/S 154 of MRTP Act to immediately implement the relaxation in premium and development cess. The video below is a brief summary of the relaxation offered by the government for various asset classes. The various relaxation granted since 2016, has brought down the cost by 15%-20%. Since the relaxation is timebound in nature, the societies aiming to get such benefits should obtain the IOD on priority. Project Maitree offering consulting services for redevelopment related services can facilitate and help in obtaining the IOD for such societies
In order to promote the redevelopment and real estate industry, the state government has issued a notice; U/S 154 of MRTP Act to immediately implement the relaxation in premium and development cess. The video below is a brief summary of the relaxation offered by the government for various asset classes. The various relaxation granted since 2016, has brought down the cost by 15%-20%. Since the relaxation is timebound in nature, the societies aiming to get such benefits should obtain the IOD on priority. Project Maitree offering consulting services for redevelopment related services can facilitate and help in obtaining the IOD for such societies
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