Maha govt extends stamp duty waiver period for resale properties

25 Mar 2022 CW Team

The Maha Vikas Aghadi (MVA) government has extended the period for stamp duty waivers for investors who would sell their properties in a year of buying to achieve the benefit of the stamp duty waiver.

Recently, the state legislative assembly passed the bill for the same. Now, the investors can earn a stamp duty waiver even on a resale property within three years of purchasing. For such deals, stamp duty is payable only on the price difference of the property besides the whole amount.

According to the Real Estate Regulatory Authority (RERA) Act, it takes three years to complete the project as per the mandated conditions and regulations under the RERA Act.

Presently, if an investor buys a flat in an apartment and resales within a year, some waiver is given in the stamp duty by charging it only on the price difference.

As per the bill, since one year did not help earn many profits through such a deal post-Covid-19 pandemic, the number of such resales that earned any such benefit is minimal.

As per the bill, if one year is extended up to three years, for the waiver to be earned, the benefit will be availed by more investors. It will enhance the number of investments and also the sale-purchase deals, benefiting the huge revenue that the state earns through the stamp duty on properties.

The bill suggests that this initiative will encourage the real estate segment and the construction business and provide more employment opportunities for the youths in the state.

State Revenue Minister, Balasaheb Thorat, said that the decision would encourage investors to boost their real estate deals, in return, generating revenue and employment in the state.

Image Source

Also read: Maha realtors to halt construction as raw material costs skyrocket

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..