Maharashtra Waives Rs 264 Billion in Stamp Duty for Key Projects

19 Jun 2025 CW Team

The Maharashtra cabinet has approved a total stamp duty waiver of Rs 264 billion to expedite three major development initiatives: the Dharavi Redevelopment Project (DRP), the Maharashtra National Law University (MNLU) campus in Goregaon, and the Raigad Pen Growth Centre township.

A waiver of Rs 45 billion has been granted on sub-lease agreements between the Dharavi SPV and the Railway Land Development Authority, facilitating redevelopment of 47.5 acres at Matunga to house over 10,000 railway staff and slum-dwelling families.

For the MNLU campus spanning 35 acres in Goregaon, a conveyance duty waiver of Rs 186 billion will accelerate the transfer process ahead of the foundation stone ceremony. The land, originally assessed at Rs 3,100 billion, will now be developed without incurring this fiscal liability.

Additionally, the state has offered a 50 per cent stamp duty relief—equivalent to Rs 33 billion—on land agreements for the Raigad Pen Growth Centre, a planned township covering nearly 494 hectares. This public-private venture aims to foster development across fintech, education, healthcare, affordable housing, commercial and retail sectors.

These waivers serve the dual purpose of reducing transaction costs and expediting project execution. While the finance department opposed two of the proposals, the cabinet approved them in support of faster rollout for critical infrastructure and urban renewal efforts.

Despite these concessions, the state anticipates generating over Rs 60,000 billion in stamp duty revenue during the current fiscal year, building on Rs 58,000 billion collected in the previous year.

These strategic waivers reflect Maharashtra’s commitment to promoting large-scale development, enhancing infrastructure, and stimulating economic growth across urban and suburban regions.

Infrastructure Transport

07 Aug 2026

Government Plans Rs 450 bn Rail Investment Along Borders

The government plans to invest Rs 450 bn to upgrade railways along borders with China, Pakistan and Bangladesh, the press release said. The programme will run over 18 to 24 months and will finance new tracks, platforms and network strengthening across Punjab, West Bengal, Himachal Pradesh, Rajasthan, Assam and several northeastern states. That is about $4.7 bn. Officials indicated the initiative represents nearly 22 per cent of all railway infrastructure outlay planned over the next two years and is among the most significant strategic infrastructure pushes in recent years. The plan extends be..

Indian Railways Approves Daily Express Between Mumbai CSMT And Sawantwadi Road

Indian Railways has approved a new daily express service between Chhatrapati Shivaji Maharaj Terminus (CSMT), Mumbai, and Sawantwadi Road to boost rail connectivity across Maharashtra and the Konkan region. The service will operate over a 510-km route and will run daily as Train No. 15087 CSMT–Sawantwadi Road Express and Train No. 15088 Sawantwadi Road–CSMT Express. It is intended to provide direct and reliable rail connectivity for passengers travelling for tourism, education, employment and business. The Ministry of Railways said the move forms part of ongoing efforts to expand passenger..

SECR Invites Rs 4550.2 mn EPC Tender For Chhattisgarh Line

South East Central Railway (SECR) has invited bids for an engineering, procurement and construction (EPC) contract worth Rs 4550.2 mn for a section of the Dallirajhara-Rowghat-Jagdalpur New Railway Line in Chhattisgarh. The contract covers a nearly 30 km stretch between Kurkanar and Bhanpuri and forms part of the larger corridor linking the mineral-rich Bastar region with the state rail network. The authority has positioned the package as a key link to improve passenger and freight movement within the region. Tender documents carry tender number CAO-C-BSP-26-27-14 and an earnest money deposit ..