Reaction by Mr. Anuj Khetan – Director, Vijay Khetan Group on Maharashtra Government’s decision to temporarily cut stamp duty on flats from 5% to 2% till December 31, 2020 and 3% following that till March 31, 2021

New Delhi, August 29, 2020: We welcome the State Government’s move of stamp duty reduction which will boost confidence amongst prospective home buyers . It will also help to create a stir during the festive sales bringing down the unsold inventory and further drastically improve the cash flows of the developers. Now, the fence sitters waiting for market correction will finally decide to take the plunge and buy properties with all time low interest cost and muted prices all across along with reputed developers offering defer payment backed by financial institutions is going to be the catalyst to revive the real estate industry.

Corporate Comm India (CCI Newswire)