Maharashtra FM hikes premium on additional FSI
PTI Maharashtra Chief Minister Devendra Fadnavis with State Finance Minister Sudhir Mungantiwar after the presentation of the State Budget in Mumbai on Wednesday
Real estate prices likely to rise due to Budget proposal; country liquor to cost more
MUMBAI, MARCH 18:
With an eye on the floor space index (FSI) requirements as an additional source of revenue, Maharashtra Finance Minister Sudhir Mungantiwar on Wednesday increased the premium on additional FSI in the State. This could lead to an increase in real estate prices.
“These gains in FSI tremendously benefit individuals but Government does not get the benefit of revenue increase in the same proportion. These amendments are proposed to ensure legitimate share of revenue for the Government from the overall benefits accruing to the beneficiaries of FSI without burdening the common man,” the Finance Minister said, presenting the State Budget.
Mungantiwar said the State Government has also decided to enhance the FSI limit from 0.33 to 0.60 and increase the rate of fresh premium in the Brihan Mumbai Municipal Corporation limit.
Mungantiwar said that State Government also wants to increase the rate of excise duty on country liquor, which will now be around 200 per cent of the manufacturing cost or ₹120 per proof litre.
Additional excise duty on the country liquor will fetch nearly ₹430 crore of additional revenue annually.
He said power consumption is growing substantially in the State, therefore saving electricity is need of the hour. LED bulb saves electricity to a great extent, “Hence, I propose to reduce tax on LED bulb from 12.5 per cent to five per cent,” he said.
Mungantiwar also announced that medicines for treatment of cancer and guide wire required for heart surgeries will now be made tax free.
First of all I would like to thank you and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned it has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..
My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days...
It's a wonderful experience with the tennis academy and my daughter liked it. Also she is getting good training and love for the game.
The coaches are good and we would continue using their expertise for Nishita going onwards. We are also looking forward for signing (actually instrument) and dancing coaching too.
This is to share with you that both my little girls (Aditi Anisha) are really enjoying their Tennis classes at the Mahesh Bhupathi Tennis Academy.
I always find them very excited whenever there is TENNIS CLASS, and this excitement matters to both of us, as the kids seems to be interested.
It’s nice to see them constructively engaged, and coming home happy and having felt productive in their own child little way. It’s a great way for them to bond with other young ones and feel belonged to a larger community.
Thanks to You, Gera Developments and MBTA for giving our young ones, an opportunity for a wonderful learning experience.
Now they are looking forwar..
Regarding the workshops & different academy sessions, it has been wonderful experience so far for Shlok and we’re looking forward for the new opportunities.
It’s absolutely fantastic to have all these academies in the premises, and that too from the renowned personalities, so we can send kids without worrying about other factors like safety & all.
And most importantly, a big thanks to you for the lovely follow-ups & timely updates about the upcoming/ongoing sessions.