{"id":1870,"date":"2021-06-06T17:44:12","date_gmt":"2021-06-06T17:44:12","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=1870"},"modified":"2021-06-07T04:36:52","modified_gmt":"2021-06-07T04:36:52","slug":"credai-mchi-advises-the-maharashtra-government-to-cut-back-on-stamp-duty","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/credai-mchi-advises-the-maharashtra-government-to-cut-back-on-stamp-duty\/","title":{"rendered":"CREDAI-MCHI advises the Maharashtra government to cut back on stamp duty"},"content":{"rendered":"\n

The extended restrictions caused by COVID 19 <\/a>have, by large, crippled the real estate industry in India and around the world. People have been cooped up in their homes for more than one year now, many have lost their jobs, and others are simply uncertain of their future. <\/em><\/p>\n\n\n\n\n\n\n\n

In addition, the lack of financial stability has significantly reduced spending power in general. It was already hard to find the right house or property within a budget before the pandemic hit. Still, now with limited income and a turbulent market, the majority of people and businesses are hesitant, stalling until things get back to normal.<\/p>\n\n\n\n

But even with all these hurdles, the real estate market in India<\/a> is still projected to grow at a steady pace over the next year. State governments and banks, and other organizations around India have offered to help revive the economy by providing incentives, decreased interest rates, and being lenient in general. To once again get the ball moving in the real estate space in Maharashtra, the government has been focusing on reducing stamp duty, basically cutting down on the transaction costs of a deal.<\/p>\n\n\n\n

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