Stamp duty cut unlikely to spur quick investments into projects
Stamp duty cut unlikely to spur quick investments into projects SECTIONS Last Updated: Mar 10, 2021, 01:51 PM IST Share Synopsis Yediyurappa has proposed to cut the stamp duty rate on flats priced between Rs 35 lakh and Rs 45 lakh to 3% from 5%, provided it is a primary sale by the builder to homebuyer and not subsequent transaction. Rajendra Joshi, chief executive (residential) of real estate developer Brigade Enterprises, said the duty benefit has been declared only for 2021-22. Karnataka chief minister BS Yediyurappa announcing a two-percentage-point cut in stamp duty for apartments pric...
Source: indiatimes.com