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Stamp duty cut unlikely to spur quick investments into projects SECTIONS Last Updated: Mar 10, 2021, 01:51 PM IST Share Synopsis Yediyurappa has proposed to cut the stamp duty rate on flats priced between Rs 35 lakh and Rs 45 lakh to 3% from 5%, provided it is a primary sale by the builder to homebuyer and not subsequent transaction. Rajendra Joshi, chief executive (residential) of real estate developer Brigade Enterprises, said the duty benefit has been declared only for 2021-22. Karnataka chief minister BS Yediyurappa announcing a two-percentage-point cut in stamp duty for apartments priced up to Rs 45 lakh may not spur immediate investments into affordable housing projects for want of clarity over the tenure of relief, some developers said.

Rajendra joshiKishore jainD vijaya kumarBrigade enterprisesCanara bankCredai bengaluruStamp dutyBs yediyurappaRealty projectsராஜேந்திரா ஜோஷிகிஷோர் ஜெயின்ட விஜயா குமார்படைப்பிரிவு நிறுவனங்கள்கனரா வங்கிமுத்திரை கடமைரியல்டீ ப்ராஜெக்ட்ஸ்