Reduction of 1% in stamp duty will have a positive impact on home buyers - Ritesh Mehta

Mr. Ritesh Mehta, Senior Director & Head - West India, Residential Services & Developer Initiatives said,"The reduction of 1% in stamp tax will have a positive impact on home buyers specially when it’s implemented in states where the capital values of residential apartments are at a peak! This move will certainly unlock Residential deals this year and can encourage the top users to expedite their decision to shop for land ! Back to back moves to scale back GST last year and stamp tax reduction this year signifies that the govt is trying its best to revive the lost sheen in real estate industry."