Vikas Chaturvedi, CEO of Xanadu Realty  on approved proposal to cut premium on real estate projects by Maharashtra govt

 

 

Speaking on the recent announcement, Vikas Chaturvedi, CEO – Xanadu Realty, said, “After a turbulent, tumultuous 2020, the Indian real estate sector is looking at 2021 as the year of healing. In this context, the Maharashtra government’s recent decision to reduce premiums charged on real estate projects by 50 percent is an extremely welcome move. It will strengthen the supply side, reduce project timelines, and rationalise input costs for developers in the state. Moreover, since the direct benefits are being passed onto the end-consumer, it will stimulate the regional market in Maharashtra by bolstering consumer purchase sentiment and investor interest. We are looking forward to the impact that this development will have in revitalising the real estate market in Maharashtra, as it can provide the template for similar deployments across the country.”