On an average, 1/3rd of the overall project cost a real estate developer incurs in Mumbai goes towards various premiums. In one notable case, for a plot of land valued at INR 5 crore in Bandra, the developer had to pay premiums to the tune of approx. INR 6 crore to the BMC.
Tag: Construction In India
Relief to construction sector as the Indian government permits activity to resume in non-COVID-19 hotspots, that follow strict social guidelines.