MUMBAI, 06 JANUARY, 2021 (GPN): “The reduction in the construction premium on real estate projects by 50% till December 2021 is a significant decision taken by the state government to boost the real estate sector. The decision coupled with reduced stamp duty cost would help the sector to witness accelerated sales due to the feasible home prices in the upcoming time. It would incentivize the purchasing decision of the homebuyers and boost the residential real estate demand.”