Maharashtra scraps NA permission: 'Deemed NA' & one-time premium simplify construction

• Maharashtra government cancels mandatory Non-Agricultural (NA) permission for land development.
• 'Deemed NA' concept introduced: Land automatically becomes NA once planning authority approves construction map.
• Annual NA tax abolished; replaced by a one-time conversion premium based on ready reckoner market value.
• Home loan process to expedite as banks cannot demand separate NA certificate after construction approval.
• Decision spearheaded by Revenue Minister Chandrashekhar Bawankule, benefiting landowners and real estate.