West Bengal extends stamp duty, circle rate reductions till Dec 31

03 Nov 2021 CW Team

The West Bengal government has decided to extend the 2% stamp duty relief and 10% reduction in the property circle rate until December 31.

The chief minister announced this at an administrative review meeting in Kurseong on Tuesday.

The original measure, which was announced during the budget in July and was supposed to be in place until October 30, was aimed at stimulating demand in the residential real estate segment and filling government coffers as a result of an increase in the volume of transactions.

For properties up to Rs 1 crore, stamp duty is now 4% in urban areas and 3% in rural areas, respectively, and 5% and 4% for properties above that ceiling.

According to a report released earlier this month by property consultancy Knight Frank, the duty reduction had the desired impact on the market. In the Calcutta Metropolitan Area, 15,160 residential sales deeds were registered between July and September, representing a 122% increase over the same period a year ago.

Developers had been pleading with the government for an extension, and CREDAI West Bengal had written a letter to the chief minister on October 9 in response to the positive response.

Nandu Belani, head of CREDAI in Calcutta, told the media that the decision must be ratified by the Assembly, the extension may not take effect until November 1.

It is recommended that the government consider extending it until March 31.

Image Source

Also read: Stamp duty in Gujarat surges 148% in Q1 FY22

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..