Women not keen on buying new homes; 1.7% drop after stamp duty sop withdrawn
Pixabay
On 8
th March 2021, to celebrate International Womenâs Day, the Maharashtra Government announced a 1 percent rebate in stamp duty for women homebuyers effective from 1st April 2021. As a result of which women homebuyers constituted 6.6 percent of new home sales in the month of April 2021 paying a discounted stamp duty rate of 4 percent over their purchase. In May 2021, the share of women homebuyers across the 5,360 units registered in May 2021 dropped to 1.7 percent, according to a release by Knight Frank India.
Upon assessment of sales and registration data since September 2020 â March 2021, it was observed that during the period of reduced stamp duty, new homes sales for that month in mid to premium categories, those costing Rs 1 crore and above, formed a significant part of the sales and registration. The saving on stamp duty on higher value housing units would work out significantly
Agarwal Packers and Movers sees renewed traction
February 08, 2021
Hopeful of relocation services gaining ground with Budget boost to realty, WFH culture
Logistics major Agarwal Packers and Movers is seeing gradual increase in demand for relocation services as the culture of work from anywhere slowly takes root across various sectors.
With economic revival gaining pace, the company is confident that the year would bring good stability to the realty sector. Measures taken by both Central and State governments, such as slashing stamp duty on registration of new houses and reduction in premiums on new projects of builders, are yielding positive results, it said.