Fadnavis commented, "Charging 18% compound interest by MHADA is significantly elevated, and it is inappropriate to impose such a high interest rate. The interest rate should be on par with that of banks. I will intervene in this matter, and upon the representation from NAREDCO Maharashtra, the government will request MHADA to submit a proposal. This will bring it in line with the BMC, ensuring uniform regulations in both organisations."

Regarding the industry's request for a reduction in premiums, Fadnavis assured that the government was genuinely considering it. However, he added that it was challenging to determine when a decision would be made. He emphasised that the government had been deliberating on various demands from the real estate industry.

"After Maharashtra initiated MahaRERA, the entire real estate sector underwent a transformation, significantly boosting the confidence of small buyers. Developers adhering to MahaRERA rules established a fair market for buyers, fostering a level playing field. The sector is now witnessing the entry of ethical players from both corporate and non-corporate backgrounds," stated the deputy CM.