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PROPERTY INSURANCE SET TO TURN MUST FOR DEVELOPERS (will also have to pay insurance premium for 5 years even after transferring the properties to the buyers).
(From India Business Insight)
It will soon become compulsory for property developers to get insurance policies for all kinds of properties. Developers will also have to pay insurance premium for 5 years even after covey the properties to the buyers. The Urban Development Ministry of the Government of India will also make it …
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