Credai-Rajasthan urges govt to lower stamp duty in the next budget

16 Dec 2021 CW Team

In a meeting with the finance department to provide suggestions for the budget 2022-23, prominent real estate industry body Credai-Rajasthan asked the government to rationalise the stamp duty structure to create housing affordable for the common man.

Realty developers who met Akhil Arora, principal secretary (finance), admitted that the government should release the provision for charging households residing in societies to give an additional sum for having access to Bisalpur water. Dhirendra Madan, president of Credai-Rajasthan, told the media that the continuous surge in DLC rates along with high stamp duty has an upward pressure on property costs.

Real estate developers purchase land to develop housing units and sell to buyers. If the price of raw materials is high, it would be difficult to reduce costs for the buyers. That's why they want the state government to lower stamp duty and registration by 50%.

Regarding the DLC rates in commercial malls, in many areas, the market value is much lower. Madan said this is causing problems in deals as taxes are to be paid on the DLC costs. The difference between DLC costs for residential and commercial malls must not be over 25%, added Madan. Along with surcharge, the stamp duty in Rajasthan is among the highest in the nation at 8.80%. Additionally, DLC rates are increasing continuously hitting the affordability for people. Likewise, the Credai-Rajasthan wanted the finance secretary to dismiss the anomaly of stamp duty on warehouses.

The secretary of Credai-Rajasthan, Rajendra Singh Pachar, told the media that warehouses are authorised as MSME industrial units by the UDH. They are managed under the rules of the Rajasthan Investment Promotion Scheme-2019. But when it comes to stamp duty, they are charged as commercial units, which draw higher taxes. This anomaly requires to be fixed.

Image Source

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..