Stamp duty cut will uniformly impact all housing segments, say realtors

Nitin Gupta, managing director at Macquarie Capital said the demand will come back for low and mid income housing and not necessarily premium housing.

The cut in stamp duty rates and levies in Maharashtra would uniformly impact low, mid and high income housing segments, say developers and property consultants.

The state government on Wednesday cut stamp duty rates from 5 per cent to 2 per cent in urban areas till December 31 and 3 per cent till March 31, 2021. The urban local body tax has been retained at 1 per cent. In rural areas, the rates have been cut from 4 per cent to 1 per cent till December 31 and 2 per cent till March 31, 2021.

“Indian psyche is such that