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Real Estate industry demands Maharashtra govt reduce stamp duty from 5% to 2% | Mumbai News

Home sales to increase by 30% this year | यंदा घरांची विक्री 30% वाढणार, सर्वाधिक गृह प्रकल्पांचा शुभारंभ, काही राज्यांत मुद्रांक शुल्क वा सर्कल रेट घटवल्याचा व स्वस्त गृह कर्जाचा परिणाम

Home sales to increase by 30% this year | यंदा घरांची विक्री 30% वाढणार, सर्वाधिक गृह प्रकल्पांचा शुभारंभ, काही राज्यांत मुद्रांक शुल्क वा सर्कल रेट घटवल्याचा व स्वस्त गृह कर्जाचा परिणाम
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India s real estate market is recovering but it needs a helping hand

Realty developers hail Maharashtra govt s move to cut levies

Realty developers hail Maharashtra govt s move to cut levies ANI / Updated: Jan 7, 2021, 11:56 IST Real estate experts have hailed the Maharashtra state government s decision to cut premium on real estate projects by half, saying the move will go a long way in expediting project completions. The reduction in construction premiums will surely bring down project costs, thereby further reducing property prices across Mumbai to rekindle the buyers interest to boost sales, said Manju Yagnik, Vice-President of the Nahar Group and Senior Vice-President at industry body NAREDCO. She said the premium for construction of projects is the highest for Mumbai city, and it accounts for over 25 per cent of the project cost in some cases.

Realty scrips gain ground on Maharashtra fee waiver - The Hindu BusinessLine

Realty scrips gain ground on Maharashtra fee waiver Chennai | Updated on Our Bureau Realty stocks were in demand on Thursday after Sobha Ltd came out with strong Q3 volumes and the Maharashtra government slashed premiums and levies charged on construction by 50 per cent till December 31. Analysts turned bullish on real estate counters, as they expect other State governments will also announce similar concession to the sector, which is one of the top job creator. The BSE Realty index jumped 1.23 per cent on Thursday with Indiabulls Real Estate registering highest gains of 14.3 per cent at ₹89.65. Sobha jumped 7.6 per cent, while Brigade Enterprises, Mahindra Lifespace, Sunteck Relaty, DLF and Prestige Estates gained between 0.5 per cent and 2.5 per cent.

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