States Must Cut Stamp Duty To Boost Housing Sales: Naredco President Niranjan Hiranandani

States must cut stamp duty to boost housing sales: Naredco President Niranjan Hiranandani
Stating there was need to set up more stress fund like the government-backed Rs 25,000 crore Special Window for Affordable and Mid-Income Housing (SWAMIH) fund, he said the centre should enable banks and financial institutions to set up at least five similar funds totaling Rs 1,25,000 crore.
PTI
Niranjan Hiranandani
The Maharashtra government's decision to reduce stamp duty on registration of properties has helped boost housing sales in the Mumbai region during this pandemic and other states should follow suit to give a filip to the real estate sector, Naredco President Niranjan Hiranandani has said.

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