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  • Maharashtra government decides not to extend stamp duty waiver on property registrations Mar 31, 2021 08:04 PM IST

    Maharashtra government decides not to extend stamp duty waiver on property registrations

    Status quo on Ready Reckoner Rates; 1% stamp duty for women homebuyers to be applicable from April 1, 2021

  • Mumbai’s ultra-rich rush to register luxury houses as deadline for Maharashtra’s stamp duty cut nears Mar 27, 2021 10:13 AM IST

    Mumbai’s ultra-rich rush to register luxury houses as deadline for Maharashtra’s stamp duty cut nears

    In India’s commercial capital, most opulent projects in the price range of Rs 30 crore to Rs 50 crore are located in redeveloped, standalone buildings in the city’s tony South neighbourhoods such as Napean Sea Road, Malabar Hill, Walkeshwar and Breach Candy.

  • Maharashtra real estate developers urge government to extend stamp duty benefit Mar 24, 2021 08:54 PM IST

    Maharashtra real estate developers urge government to extend stamp duty benefit

    They has said that the government's move to to cut stamp duty on housing units from 5 percent to 2 percent until December 31, 2020 and 3 percent until March 31, 2021 has led to record breaking property registrations and overall improvement in homebuyers' sentiment

  • COVID-19 impact: Noida’s stamp duty department likely to incur nearly Rs 300 crore loss this fiscal Mar 17, 2021 02:15 PM IST

    COVID-19 impact: Noida’s stamp duty department likely to incur nearly Rs 300 crore loss this fiscal

    Property registrations have increased by 10-20% recently with several international firms such as Ikea investing in the region, sources said

  • Karnataka govt slashes stamp duty charges to 3%; Maharashtra announces 1% stamp duty cut for women homebuyers Mar 08, 2021 07:25 PM IST

    Karnataka govt slashes stamp duty charges to 3%; Maharashtra announces 1% stamp duty cut for women homebuyers

    Real estate experts welcomed the move, saying it would encourage women buyers in Maharashtra to come forward and purchase property and provide an impetus to affordable housing in Karnataka.

  • Karnataka slashes stamp duty charges to 3% for home values between Rs 35-45 lakh Mar 08, 2021 02:53 PM IST

    Karnataka slashes stamp duty charges to 3% for home values between Rs 35-45 lakh

    Karnataka Chief Minister B S Yediyurappa , who holds the finance portfolio, presented the state Budget for the fiscal year 2021-22 in the assembly on March 8.

  • Former India cricketer Zaheer Khan buys property in Mumbai for Rs 11.5 crore Jan 18, 2021 01:33 PM IST

    Former India cricketer Zaheer Khan buys property in Mumbai for Rs 11.5 crore

    Besides filmstars, cricketers too bought premium properties in Mumbai to cash in on the stamp duty cut

  • Maharashtra shows how to achieve housing growth Jan 12, 2021 09:04 AM IST

    Maharashtra shows how to achieve housing growth

    Whether builders pass on the benefits will depend on the rising prices of steel and cement

  • More states consider reducing stamp duty to boost real estate sales: Housing secretary Jan 11, 2021 09:00 PM IST

    More states consider reducing stamp duty to boost real estate sales: Housing secretary

    The Maharashtra government had in August temporarily reduced stamp duty from 5 percent to 2 percent until December 31, 2020, and to 3 percent from January 1, 2021, until March 31, 2021.

  • Hasit Dani of Asian Paints buys Rs 95-crore apartment in Mumbai’s posh Carmichael Road Jan 06, 2021 07:58 PM IST

    Hasit Dani of Asian Paints buys Rs 95-crore apartment in Mumbai’s posh Carmichael Road

    House number 102 on the eighth and ninth floor of the property located in South Mumbai’s Carmichael Road has been registered in the name of Hasit Ashwin Dani and his wife Shubhlaxmi Hasit Dani.

  • Stamp duty cut, discounts by developers drive property sales worth Rs 34,000 crore in Mumbai in December Jan 06, 2021 12:05 PM IST

    Stamp duty cut, discounts by developers drive property sales worth Rs 34,000 crore in Mumbai in December

    The surge in December sales, which is more than double the volume sold in November 2020 or December 2019, is unlikely to be sustained as stamp duty rose from 2% to 3% from January 1. However, another spurt is likely in March when stamp duty will be hiked to the original level of 5 percent

  • Explained: What does reduction in premium mean? Will it benefit Maharashtra’s real estate developers and homebuyers? Dec 16, 2020 07:36 AM IST

    Explained: What does reduction in premium mean? Will it benefit Maharashtra’s real estate developers and homebuyers?

    Reduced premiums can make projects viable for developers and help avoid project delays due to funding issues; lower development costs to realtors would mean lower purchase cost to homebuyers, which in turn can help boost demand.

  • Mumbai homebuyers make the most of stamp duty cut; sales jump 67% despite COVID-19: Reports Dec 09, 2020 04:51 PM IST

    Mumbai homebuyers make the most of stamp duty cut; sales jump 67% despite COVID-19: Reports

    At 9,301 units registered in November 2020, the residential sector of Mumbai recorded the highest-ever registrations in the month of November over the last nine years.

  • Naredco-Maharashtra extends stamp duty waiver scheme by two months to push housing sales Nov 23, 2020 08:08 PM IST

    Naredco-Maharashtra extends stamp duty waiver scheme by two months to push housing sales

    The apex body of developers says zero stamp duty has pushed Mumbai’s residential realty sales by 300 percent from August 2020 to October 2020, to organise three–day Real Estate and Infrastructure Investors’ Summit 2020 from November 25 to 27.

  • 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

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