Eknath Shinde, the chief minister of Maharashtra, has instructed builders to pass on advantages provided by his administration, such as a restriction on sand prices, to homebuyers in order to provide them with relief and to stimulate the market. He was addressing during Friday night’s opening of the MCHI-CREDAI property show in Kalyan, Maharashtra’s Thane district. The price of a brass of sand, a significant and scarce building resource, has been restricted at Rs 600 per brass (a brass weighs around 4,600 kilos), the chief minister stated. Registration and stamp fee have remained constant. “These advantages must be shared by builders with homebuyers in order to keep housing costs low. The state administration is putting several programmes into action and has also offered a comprehensive budget to encourage investment and growth, “added he.
The CM said that six businesses with whom he signed MoUs during his time in Davos (at the World Economic Forum) had begun setting up shop in Maharashtra after receiving land allocation. “Due to the state’s potential, infrastructure, connection, qualified workforce, and land availability, foreign investors are willing to invest there. In terms of infrastructure initiatives, Maharashtra is now in first place “Added he.
He said that work is now being done on the Detailed Project Report for phase 2 of the Thane-Bhiwandi-Kalyan Metro Line 5 to Taloja through Dombivali. The CM said that work on the Mumbai Trans Harbour Link and the Padgha section of the Samruddhi Expressway was also well along. According to Shinde, the Dombivli-Mahapoli connection road is prepared for opening.