In conversation with CNBC-TV18, BMC Commissioner Iqbal Singh Chahal spoke about lockdowns in Mumbai and other COVID related measures. Aside from those the important takeaway for the market was about the housing and real estate.
He said that registrations have moved up quite dramatically since the reduction in stamp duty and the fact that the BMC could be looking at suggesting to the state government to reduce premiums on things like extra FSI which could be a boost for the realty sector as well.
All the real estate stocks are doing well today because of these positive comments.
CNBC-TV18’s Sonal Bhutra gives more details.Watch this video for more.