Maharashtra Slashes Premium to Boost Redevelopment

15 Mar 2024 CW Team

The decision to cut premiums comes as a welcome relief for developers and stakeholders involved in redevelopment projects across Maharashtra. By reducing financial barriers, the government aims to facilitate smoother and more efficient redevelopment processes, ultimately benefiting both developers and residents. This move is expected to spur a flurry of redevelopment activities across the state, revitalizing older buildings and enhancing infrastructure in urban areas.

Key Points:

Maharashtra government slashes premiums for redevelopment. Aim to boost real estate sector and redevelopment projects. Reduction in premiums to streamline processes and reduce financial burdens. Welcome relief for developers and stakeholders. Expected surge in redevelopment activities across the state. Focus on revitalizing older buildings and improving urban infrastructure. This decision underscores the government's commitment to fostering sustainable urban development and addressing the challenges posed by aging infrastructure. By incentivizing redevelopment projects through the reduction of premiums, Maharashtra aims to create more vibrant and livable cities while catering to the evolving needs of its residents. With this proactive approach, the state is set to witness a resurgence in redevelopment efforts, paving the way for a brighter and more prosperous future.The Maharashtra government has taken a significant step towards boosting redevelopment projects in the state by slashing premiums. This move is poised to invigorate the real estate sector and encourage developers to undertake more redevelopment initiatives. With the aim of streamlining the process and reducing financial burdens, the government has decided to implement a substantial reduction in premiums levied on the lease of land and buildings for redevelopment purposes.

The Maharashtra government has taken a significant step towards boosting redevelopment projects in the state by slashing premiums. This move is poised to invigorate the real estate sector and encourage developers to undertake more redevelopment initiatives. With the aim of streamlining the process and reducing financial burdens, the government has decided to implement a substantial reduction in premiums levied on the lease of land and buildings for redevelopment purposes. The decision to cut premiums comes as a welcome relief for developers and stakeholders involved in redevelopment projects across Maharashtra. By reducing financial barriers, the government aims to facilitate smoother and more efficient redevelopment processes, ultimately benefiting both developers and residents. This move is expected to spur a flurry of redevelopment activities across the state, revitalizing older buildings and enhancing infrastructure in urban areas. Key Points: Maharashtra government slashes premiums for redevelopment. Aim to boost real estate sector and redevelopment projects. Reduction in premiums to streamline processes and reduce financial burdens. Welcome relief for developers and stakeholders. Expected surge in redevelopment activities across the state. Focus on revitalizing older buildings and improving urban infrastructure. This decision underscores the government's commitment to fostering sustainable urban development and addressing the challenges posed by aging infrastructure. By incentivizing redevelopment projects through the reduction of premiums, Maharashtra aims to create more vibrant and livable cities while catering to the evolving needs of its residents. With this proactive approach, the state is set to witness a resurgence in redevelopment efforts, paving the way for a brighter and more prosperous future.The Maharashtra government has taken a significant step towards boosting redevelopment projects in the state by slashing premiums. This move is poised to invigorate the real estate sector and encourage developers to undertake more redevelopment initiatives. With the aim of streamlining the process and reducing financial burdens, the government has decided to implement a substantial reduction in premiums levied on the lease of land and buildings for redevelopment purposes.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..