The one-year discount window shuts today evening (31-12-2021)
The one-year discount window on premium to be paid to BMC for real estate development shuts today evening (31-12-2021)
Why should 50% discount continue?
Slashing the premium in 2021 BMC earned a massive financial bonanza of Rs. 12,000 crore.
The concessions should continue as it largely contributes towards making many #redevelopment projects viable
It has and will boost the real estate sector
It will also help in price control for end-users.
The revenue earned will also boost the infrastructure, a win-win situation for the overall development of the city.