BMC earns Rs 800 cr revenue through real estate premium payments in three months

Developers say that the approval cost in Mumbai is highest in the world

The Brihanmumbai municipal corporation (BMC) is seeing a continual response from builders for carrying out various development projects. This can be proved following the revenue that it is making through premium payments from city builders. According to the municipal corporation, in the last three months — April, May and June – till 24th, it has already made Rs 808 crore through premium charges.

https://www.freepressjournal.in/mumbai/mumbai-bmc-earns-rs-800-cr-revenue-through-real-estate-premium-payments-in-three-months

Source – Free Press Journal