Premium payment from society/developer while opting for redevelopment may increase to set off the loss to BMC. Indications are that the government may consider revising slabs (telescopic rates) of premiums payable for open space deficits and premium payment for other development regulations might be rationalised, in a manner that does not hit the civic coffers.

Premium payment from society/developer while opting for redevelopment may increase to set off the loss to BMC. Indications are that the government may consider revising slabs (telescopic rates) of premiums payable for open space deficits and premium payment for other development regulations might be rationalised, in a manner that does not hit the civic coffers.

Issued by: The Indian Express | 26 January 2019

Mumbai: Sops in new development plan set to cost BMC Rs 830 crore

Premium payment from society/developer while opting for redevelopment may increase to set off the loss to BMC. Indications are that the government may consider revising slabs (telescopic rates) of premiums payable for open space deficits and premium payment for other development regulations might be rationalised, in a manner that does not hit the civic coffers.

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