Maharashtra eases rules to push building of budget homes

01 July 2019 Maharashtra eases rules to push building of budget homes Builders can now sell 50% homes in each project through lottery https://lnkd.in/fb9niVc ----------------------------------------- Way back in Dec 2016 , in my email to CM , I suggested : # Maha Govt to act as the agency for allotment of flats to eligible public in Maharashtra thru a " Lottery System " * Selling Price of flats will be fixed by the Maharashtra Government once a year , based on a pre-agreed cost - escalation formula, which will be explained in detail on SPV web site Calculation of each upward revision shall be made public * SPV to hand over possession of flat to the allotee upon receipt of full payment ----------------------- For details, read : Good Policy : Devil is in Details ! https://lnkd.in/f_TaXVA