Maharashtra government slashes stamp duty to 2% until Dec 2020 to boost demand

By Administrator_India Capital Sands   To boost the stagnant real estate market hit by COVID-19, the Maharashtra government on August 26 decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020, sources said. Stamp duty from Jan 1, 2021, until March 31, 2021, will be 3 percent, they said. The decision was taken at the state cabinet meeting on August 26. Real estate developers had been asking for a reduction in stamp duty following the lockdown to encourage homebuyers to purchase…

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