A report by a body representing top builders in Mumbai states that developers in the city pay high premiums, resulting in a mismatch in property prices compared to other cities like Delhi NCR and Bengaluru. The report argues that these high premiums impede Mumbai's growth and competitiveness as a financial hub. The report calls for policy reform and a rationalized approach to the premium structure. It also highlights the negative effects of high living costs and property prices on the city's economy and job creation. The builders' association suggests a 50% reduction in premiums to boost the real estate sector.