Oberoi, Godrej Prop to gain most from Maharashtra stamp duty cut: Analysts

After Maharashtra, analysts expect more states slash stamp duty rates. According to Jefferies, the state governments to watch out for will be Karnataka (Bangalore) and Haryana (Gurgaon)

The cut in stamp duty rates on apartments in Maharashtra from the current 5 per cent to 2 per cent till December 2020-end and retaining them at 3 per cent between January 2021 and March 2021 will benefit players like Oberoi Realty and Godrej Properties most, say analysts, who do caution that it’s still a long road to recovery for the realty sector.

After Maharashtra, analysts expect more states slash stamp duty rates. According to Jefferies, the state governments to watch out for will be Karnataka (Bengaluru) and Haryana (Gurugram). “Amongst our coverage, the highest Maharashtra state exposure in residential