The eight member committee headed by the housing minister submitted their report under the Development Control rule of 33(7) cluster development and individual building development scheme.
Mumbai:
The state government is unlikely to give into demands from the real estate industry to drastically reduce development charges and premiums for various concessions.
The project will prevent property-related frauds where one flat or commercial unit is sold or mortgaged to multiple buyers or financial institutions and ensure liquidity through easier transactions.
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