Kick Start Measures to Regain Traction in Realty

Maharashtra State Housing Minister, Shri Jitendra Awhad affirmed that calibrated measures will regain momentum in real estate sector. To address the serious concerns of the ailing real estate sector and the long due issues regarding ease of doing business, quick approvals within 24 hours shall be granted and no files will be kept pending for long. Approvals related to MHADA, SRA & Repair Board will be sanctioned within 60 days and the final uniform DCR has also been tabled to the related authorities and shall be out shortly. It is true that purchasing lands are not feasible at the current scenario and we must look at the redevelopment of slums or buildings as an opportunity. We are also working with the government to reduce premiums for two years and long standing demand to introduce uniform laws are in consideration zone. The government stands with the realty sector and will support to make a better and new Maharashtra.