Maharashtra to consider reducing stamp duty

Maharashtra Chief Minister Eknath Shinde stated that the state government will consider a proposal by the Confederation of Real Estate Developers' Associations of India (CREDAI) - Maharashtra Chamber of Housing Industry (MCHI) to reduce stamp duty and rationalise premiums paid by developers for higher floor space index (FSI), among other things. Shinde was speaking at the inauguration ceremony of CREDAI-four-day MCHI's property exhibition, which will take place from October 13 to 16 at Mumbai's Bandra-Kurla Complex (BKC). Many industries and sectors are directly or indirectly connected with real estate and Shinde said they have been working to help the real estate sector ensure home buyers at large benefit from affordable and accessible housing. Also read: Pennar bags solar project from NTPC REL Sany Bharat inagurates state-of-the-art facility in Kolkata