M'rashtra may slash township area limit to 25 acres
Published on Tue, Nov 11, 2008 at 09:14 | Source : CNBC-TV18
Updated at Tue, Nov 11, 2008 at 10:02
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
M'rashtra may slash township area limit to 25 acres
Maharashtra Chief Minister Vilasrao Deshmukh while turning down a proposal from developers to cut stamp duty charges, has said the state is looking into a series of proposals, including one where the area limit to build townships may be slashed from 100 acres to 25 acres. He said the feasibility of VAT will be discussed with the Finance Minister.
Maharashtra Chief Minister Vilasrao Deshmukh while turning down a proposal from developers to cut stamp duty charges, has said the state is looking into a series of proposals, including one where the area limit to build townships may be slashed from 100 acres to 25 acres. He said the feasibility of VAT will be discussed with the Finance Minister.
Stamp duty charges will remain at 5% and uniform FSI (Floor Space Index) may be levied in all parts of Maharashtra. Area limit of 100 acres mandatory for townships may also be reconsidered. The government is also looking at scrapping VAT on property. But this may also mean a reduction in concessions that builders get in developing townships. A 0.33 FSI that is now only applicable to suburban Mumbai may be levied in all of Maharashtra.
|
Budget: 2008, 2009, 2010, 2011, 2012 |
Intuit Money Manager |
RBI Credit Policy | Union Budget | Budget 2012
| Economic Survey
| Railway Budget
| Financial Glossary
|
Message Board |
Moneybhai |
Connect.in.com |
Business Yellow Pages |
India's Premiere Technology Guide | History India
| Up Polls | Latest News
| DLF | Reliance Power | Sun Pharma | Coal India IPO | State Bank of India | Pranab Mukherjee | Oil and Natural Gas Corporation | BSE Sensex | Indian Oil Corporation | Steel Authority of India Limited 
Maharashtra Chief Minister Vilasrao Deshmukh while turning down a proposal from developers to cut stamp duty charges, has said the state is looking into a series of proposals, including one where the area limit to build townships may be slashed from 100 acres to 25 acres. He said the feasibility of VAT will be discussed with the Finance Minister. 
