Maharashtra real estate bounces back with record property registrations

While most businesses and industries are reeling under the slump wrought about by Covid-19, Maharashtra’s real estate sector has achieved a miracle of sorts. December saw a record number of property registrations — 3.84 lakh against the 1.25 lakh the previous year — in the state. The reason is the Maharashtra Revenue department reducing the stamp duty from 6% to 3% against the total value of the property for October to December. Full story

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