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  • Real estate firms chase buyers with innovative schemes this festive season to beat COVID-19 blues Oct 16, 2020 08:10 AM IST

    Real estate firms chase buyers with innovative schemes this festive season to beat COVID-19 blues

    Cash discounts, lower interest rates, free accessories, GST, stamp duty waivers, free maintenance and swap of your property, builders are leaving no stone unturned to attract homebuyers this season.

  • Other states must consider reducing stamp duty like Maharashtra to boost real estate sales: Housing secretary Oct 14, 2020 06:51 PM IST

    Other states must consider reducing stamp duty like Maharashtra to boost real estate sales: Housing secretary

    On August 26, the Maharashtra government decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31 to boost the stagnant real estate market hit by the COVID-19 pandemic

  • Stamp duty cut boosts housing sales in Mumbai, touches 86% of pre-COVID levels Oct 09, 2020 03:08 PM IST

    Stamp duty cut boosts housing sales in Mumbai, touches 86% of pre-COVID levels

    Trend likely to continue in the next two months on account of offers and schemes by real estate developers to push sales

  • Maharashtra govt’s decision to reduce stamp duty rates leads to increase in real estate sale registrations Oct 01, 2020 05:28 PM IST

    Maharashtra govt’s decision to reduce stamp duty rates leads to increase in real estate sale registrations

    Sale registrations in the state are at over 90 percent of pre-COVID levels, shows an analysis by Propstack.

  • Reduce stamp duty by 2% to boost housing demand: UP-RERA to state government Sep 22, 2020 08:14 PM IST

    Reduce stamp duty by 2% to boost housing demand: UP-RERA to state government

    It has proposed that the reduction be valid until August 31, 2021. Builders and homebuyers say if the proposal is accepted it will boost demand and bode well for the struggling real estate sector throughtout the state, especially Noida and Greater Noida.

  • Circle rate increase in Maharashtra: Minimal impact on home buyers Sep 15, 2020 11:48 AM IST

    Circle rate increase in Maharashtra: Minimal impact on home buyers

    A slight increase in ready reckoner rates in a location where the market rates are higher won’t hurt property buyers much.

  • Madhya Pradesh govt cuts stamp duty cess to 1% in urban areas until December 31 Sep 07, 2020 05:13 PM IST

    Madhya Pradesh govt cuts stamp duty cess to 1% in urban areas until December 31

    The stamp duty rate in urban areas has been reduced to 10.5 percent from 12.5 percent.

  • Mumbai stamp duty collection down for August as homebuyers wait for stamp duty rate cut Sep 04, 2020 10:49 AM IST

    Mumbai stamp duty collection down for August as homebuyers wait for stamp duty rate cut

    Mumbai stamp duty numbers are likely to go up during the festival season after pitru paksha ends

  • Now Maharashtra builders to offer zero stamp duty to homebuyers Sep 03, 2020 07:17 PM IST

    Now Maharashtra builders to offer zero stamp duty to homebuyers

    The offer by NAREDCO Maharashtra members is available from September 3 until October 31, 2020. All the projects are RERA registered.

  • Housing secretary cheers Maharashtra stamp duty cut as 'good step', urges other states to follow suit Aug 28, 2020 07:56 PM IST

    Housing secretary cheers Maharashtra stamp duty cut as 'good step', urges other states to follow suit

    The move will have a positive impact on price reduction during COVID times, says Durga Shanker Mishra.

  • Maharashtra stamp duty cut: Increased sales volumes of ready inventory to help govt recover revenue losses Aug 28, 2020 04:10 PM IST

    Maharashtra stamp duty cut: Increased sales volumes of ready inventory to help govt recover revenue losses

    There are nearly 33,500 ready-to-move-in homes in MMR and Pune collectively

  • Maharashtra lowers stamp duty: How much will home buyers gain? Aug 28, 2020 02:48 PM IST

    Maharashtra lowers stamp duty: How much will home buyers gain?

    Reduction in stamp duty rate can bring down the purchasing cost for the home buyer significantly

  • Will Maharashtra's 50% cut in stamp duty boost housing demand? Aug 27, 2020 03:09 PM IST

    Will Maharashtra's 50% cut in stamp duty boost housing demand?

    Experts say that while this temporary but strong inoculation into the dampened market sentiment will help revive sales, it may not be enough. Tax sops by the government and discounts by developers may do the trick

  • Real estate in Mumbai | Retrospective stamp duty waiver: Game changer for property resale Aug 24, 2020 12:58 PM IST

    Real estate in Mumbai | Retrospective stamp duty waiver: Game changer for property resale

    The ruling was passed by the court during hearing of a petition involving resale of a posh 3,300 sq f. apartment in Tahnee Heights Cooperative Housing Society at Napean Sea Road, Mumbai

  • COVID-19 Lockdown: The Stamp Duty conundrum May 18, 2020 11:38 AM IST

    COVID-19 Lockdown: The Stamp Duty conundrum

    One of the handicaps people are struggling with in the times of COVID-19 is how to duly execute agreements that attract stamp duty as people are unable to obtain stamp papers or have the documents franked due to movement restrictions as well as certain government offices are not being open for business.

  • Realtors urge Maharashtra government to reduce stamp duty to 1% for 4 months Apr 16, 2020 10:20 AM IST

    Realtors urge Maharashtra government to reduce stamp duty to 1% for 4 months

    "The entire real estate fraternity is currently caught up in an unprecedented scenario which the economy has never witnessed before. The sector has suffered extensively and needs critical intervention from the Maharashtra government for its survival.

  • Maharashtra slashes stamp duty on properties by 1% Mar 06, 2020 06:01 PM IST

    Maharashtra slashes stamp duty on properties by 1%

    Real estate experts welcome the move, saying it would provide relief to homebuyers looking for affordable properties.

  • Budget 2020: Real estate circle rate limits to go up by 5% Feb 01, 2020 05:35 PM IST

    Budget 2020: Real estate circle rate limits to go up by 5%

    The move will minimise hardship in real-estate transaction and provide relief to the sector, the minister said.

  • Experts label Maharashtra’s tax surcharge on home sales a sentiment dampener Nov 30, 2018 01:16 PM IST

    Experts label Maharashtra’s tax surcharge on home sales a sentiment dampener

    Government must keep affordable housing away from 1 percent increase in stamp duty

  • Stamp duty rates of 17 items set to increase in Punjab Oct 17, 2018 03:21 PM IST

    Stamp duty rates of 17 items set to increase in Punjab

    Stamp duty rates for 17 items will double following the amendment, which the Cabinet found to be essential to boost the revenue receipts of the state, an official spokesperson said here.

  • Govt working on uniform stamp duty for financial instruments: Report Oct 14, 2018 01:42 PM IST

    Govt working on uniform stamp duty for financial instruments: Report

    States have been reluctant to give up powers to levy stamp duty, which is why these amends to bring uniformity have come very late

  • One year of GST: GST has the right intentions but some provisions need amends Jun 28, 2018 11:39 AM IST

    One year of GST: GST has the right intentions but some provisions need amends

    While the government charges 8% GST for houses up to 60 sqm, stamp duties too should be reduced or eliminated to make houses affordable

  • Government-appointed toll collection firms need to pay stamp duty: High Court Feb 25, 2018 02:38 PM IST

    Government-appointed toll collection firms need to pay stamp duty: High Court

    Relying on a judgement passed by the Supreme Court last month on a similar issue, the high court said the octroi collecting contractors have to pay stamp duty under the provisions of the Bombay Stamp Act.

  • How will GST implementation from July 1 impact home buyers? Jun 30, 2017 01:56 PM IST

    How will GST implementation from July 1 impact home buyers?

    Under GST regime, all under-construction properties will be charged at 12 percent. But it excludes stamp duty and registration charges; home buyers may defer purchases till clarity emerges

  • Homes in Mumbai may cost 1% more, as BMC proposes new surcharge Apr 12, 2017 11:00 AM IST

    Homes in Mumbai may cost 1% more, as BMC proposes new surcharge

    The Brihanmumbai Municipal Corporation (BMC) has proposed a surcharge of one per cent on the buying and selling of properties in Mumbai, to fund infrastructure projects. This would be enforced by the state government, &#82

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