Good news for flat or home buyers! Zero Stamp Duty Offers Running In This State

 Source: Roz Dhan "Nikhil V"

Good news for flat or home buyers! Zero Stamp Duty Offers Running In This State

If you are planning to buy your house, flat, plot or any other property by the end of this year, a good news is coming. Now you can get relief from the huge stamp duty paid for buying a flat. Let's tell where you are getting discount.

credit: third party image reference

Maharashtra government is offering zero stamp duty

According to our partner zeebiz.com, there is a relief news for home buyers in Maharashtra. Seeing the boom in the real estate sector in Maharashtra, the National Real Estate Development Council has decided that their member developers will offer zero stamp duty by 31 December. On 26 August, the Maharashtra government had decided to reduce stamp duty by 3 and 2 percent so that the business of the developer, who was facing the lockdown, returned to the track.

3 percent stamp duty load

1000 members of NAREDCO will not impose the burden of 3 percent stamp duty on the house till 31 December. This offer is so that the momentum of the home buyer's sale on the time of Diwali is not broken even after the festival.

300 percent increase in sales of homes

Due to zero stamp duty, the sale of houses has increased by 300 percent between August and October. The house buyer is getting benefit from zero stamp duty, the developers are also getting benefit. Increase in the sale of houses means that foreign investors will also get good signs from this. Real estate experts say that the picture will change if the government helps in this sector.

Many projects are going on in these big cities

If you are planning to buy a house, flat, plot or any other property in Maharashtra, then this is a great opportunity for you. Because you may never get more affordable property than now. Developers involved in NAREDCO are running projects in many big cities of Maharashtra including Mumbai, Pune, Nashik.

Let us tell that in the end of August, the Maharashtra government announced a reduction in stamp duty. The Maharashtra government had reduced the stamp duty by three percent. This deduction will be applicable till 31 December. This rebate will be two percent between January 1 and March 31 next year.