MUMBAI, 12 SEPTEMBER, 2020 (GPN) : Mr. Ram Naik, Executive Director, The Guardians Real Estate Advisory

“The move will lead to confused signalling. While on one hand the government is indicating to homebuyers that they want them to buy homes by slashing the stamp duty, on the other it is marginally increasing the ready reckoner rates. This increase, to a certain extent, is going to nullify the gains of the reduced stamp duty for the recently motivated customer. This increase is also going to force developers to pass on the additional burden of increased premium costs, that are linked to the ready reckoner prices, onto the customers. All in all, we could have waited for a better day for such announcements.”