Maharashtra Presents Strong Case For Stamp Duty Cut, Will Other States Follow
One timely decision by the Maharashtra government of cutting stamp duty of property registrations starting September 2020, from 5 per cent to 2 per cent resulted in Maharashtra seeing a record 48 per cent jump in property registrations. Sale registrations rise close to 200 per cent in the last week of December in Mumbai. November 2020 sale registrations touch an 8-year record high in Mumbai, on this episode of The Property Show, the question we are asking - Does it make sense for other Indian states to follow Maharashtra’s footsteps to rev up demand and bring the mojo back to India’s housing sector in 2021?
