Stamp duty deduction in Maharashtra on housing units - Yash Gupta, Equity Research Associate, Angel Broking Ltd.

"Reduction in Stamp duty - A Big Positive for Mumbai Realestate space in difficult times. To boost the stagnant real estate market which is badly hit following the pandemic lockdown, Maharashtra government has decided to temporarily reduce the stamp duty. The reduction will be for two different time periods, First there will be a 3% reduction for transactions between 1st September to 31st December,2020 and second there will be a 2% reduction for the transaction between 1st January to 31st March 2021.This relief is over and above the 1% reduction in stamp duty for two years that the government has announced in the budget. This is a positive development for Mumbai based developers like Oberoi Realty and Sunteck realty."

Source : Equity Bulls

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