Mumbai stamp duty hike: Milking unaffordable real estate or unavoidable source of funds for infrastructure?

Mumbai stamp duty hike: Milking unaffordable real estate or unavoidable source of funds for infrastructure?
28/07/2018 , by , in News/Views

Maharashtra government proposed a 1 per cent surcharge on stamp duty on the sale, lease, gift and mortgage of real estate in Mumbai, which takes the overall stamp duty to 6 per cent.

In a city where property prices are already sky high, the proposal has been widely criticised. The government’s rationale behind the hike is that it needs a constant stream of funds for several big-ticket urban transport projects that are underway.

About admin

Loading...