MUMBAI, 26 AUGUST, 2020 (GPN): Comment by Mr. Bhushan Nemlekar – Director, Sumit Woods Limited on Maharashtra Government’s decision to temporarily cut stamp duty on flats from 5% to 2% till December 31, 2020 and 3% following that till March 31, 2021.

“The state Government’s decision on stamp duty reduction is a welcome move and a festive gift for homebuyers. It will surely improve the sentiments and instil confidence in homebuyers. With home loan rates at a decade low, it will benefit the consumers to buy their dream home. The real estate industry is happy and thankful that the state government is taking proactive steps to review the economy and the sector.” ENDS