In separate letters to Chief Minister Udhav Thackeray, Finance Minister and Deputy Chief Minister Ajit Pawar and Revenue Minister Balasaheb Thorat, developers body CREDAI MCHI has requested the government to reintroduce the waiver by reducing stamp duty charges to 2% in Mumbai given the impact of second wave of Covid19 pandemic.
After witnessing massive jump in sales and property registrations for seven months since September following the state governments decision to reduce stamp duty, the registrations numbers in May have dwindled just one-third and one-fourth of levels seen in March and December, respectively.
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