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Title: Maharashtra Green Building Policy (Draft)
Source:Government of Maharashtra
Date:November 2018

The Maharashtra government has published the draft of its green building policy that ensures incentives for buyers and developers to invest in green buildings. The buyers of property in green building will be entitled to a property tax rebate for a period of five years from securing the Occupancy Certificate based on the green building rating of the property secured from the empowered agencies. The buyer of a property having a five-star or platinum rating would get rebate of 10 per cent in property tax while those with four-star or gold and three-star or silver ratings would get rebate of 7.5 per cent and 5 per cent, respectively in the property tax.

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