Reduction of stamp duty as a method to boost demand in the Real Estate Sector
By the reduction of duties to be paid at the time of registration, the real estate sector would witness the much-needed boost in demand.
By the reduction of duties to be paid at the time of registration, the real estate sector would witness the much-needed boost in demand.
Period of two years is kept keeping in mind the fact that such reduction will give life to the real estate and people would show more interest in immovable property.
After the Enactment of Real Estate Regulation and Development, Act 2016, the calculation method for calculating carpet area has been changed.
Builders demanding cash are often a sign of unscrupulous dealings and should not invest their hard earnings in such dicey investments.
The UP-RERA has now requested the RBI to consider restructuring the loans taken by the builders for the completion of real estate projects.