News
Naredco Maharashtra Developers Offer Zero Stamp Duty-Booster
Naredco on September 3 announced a festive bonanza for homebuyers by waiving the stamp duty completely in Maharashtra and also on its online portal HousingforAll.com till October 31 this year.
In a move that could benefit homebuyers, revive 250 industries and save lakhs of jobs in the state, the apex national body of real estate industry has come forward to reciprocate the “bold and customer-friendly” decision of the Maharashtra Government, said a press release issued by Naredco Maharashtra.
The Maharashtra Government had recently announced slashing of stamp duty on the purchase of new houses by 3 per cent from September 1 to December 31 and by 2 per cent from January 1, 2021 to March 31, 2021 to uplift the market sentiment.
In a step forward, members of Naredco Maharashtra have come together to offer various affordable and luxury residential properties in over 1,000 housing projects under this scheme. A majority of developers from Mumbai, MMR, Pune and Nashik have decided to waive the stamp duty and bear the burden themselves.
Rajan Bandelkar, President, Naredco-West, said, “After the Government of Maharashtra’s blockbuster measure to reduce the stamp duty on the property buying, it is another milestone step by Naredco Maharashtra to cheer the homebuyers. This unprecedented decision to charge no stamp duty on housing sales will bring a new wave of home buying in the short–run and change the demand- supply dynamics positively.”
Ashok Mohanani, President-Elect, Naredco-West, said, “Making the already jubilant homebuyers happier, our unanimous decision to waive the stamp duty completely on the sales of residential properties will add to the home buying euphoria and support the Government’s efforts to push housing demand in the state.”
-
News3 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Manasum Senior Living Launches IKIGAI GOA, A Senior Living Community in North Goa, in collaboration with Prescon Homes
-
News2 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
Bridging India Divide: Top 5 Tier- 2 Cities to Focus On
-
News3 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News4 weeks ago
Multipoint Connection – A Definite Boon
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News1 week ago
Olive Announces Dhruv Kalro as Co-Founder