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Women's Day: Maharashtra government announces 1% stamp duty cut for women homebuyers

Real estate developers said the move will provide a further boost to housing sales in the state

On the occasion of Women’s Day, the Maharashtra government announced a 1 percent cut on stamp duty charges if the transfer of house property or registration of sale deed is in the name of a woman.

"On International Women's Day, I propose concession in stamp duty of 1 percent over the prevailing rate exclusively to women, provided the transfer of house property or registration of sale deed is in the name of woman or women only," Maharashtra finance minister Ajit Pawar said while presenting the state Budget on March 8.

"Due to this concession, there will be a revenue shortfall of around Rs 1,000 crore," he said.

Real estate developers said the move will provide a further boost to housing sales in the state.