Pay just Rs1000 as stamp duty in self-redevelopment projects

18 Jul 2023 CW Team

Instead of the current rate ranging between 5-7% of the total agreement value of the property, existing flat owners in self-redevelopment projects will now only be required to pay Rs 1,000 in stamp duty.

On Friday, the state government published a government resolution urging the promotion of self-redevelopment initiatives throughout Maharashtra. The GR, however, made it clear that stamp duty will be charged at the going rate to buyers of units in self-redeveloped projects who acquire them off the open market.

Representatives of the State Housing Federation claimed that the decision would unquestionably help 30-year-old housing societies pursuing self-redevelopment. Previously, apartment owners in these projects had to pay double the stamp duty.

According to Advocate Shreeprasad Parab, director of the state housing federation, "Flat owners in such projects were made to pay around 5-7% of the market value depending on the city and district as stamp duty, which has now been reduced to just Rs 1,000."

Real Estate

24 Oct 2025

Alpine Luxury Homes Surge 23% Despite Global Slowdown

The latest Knight Frank Alpine Property Report 2026 reveals that Europe’s Alpine property market continues to outperform global luxury trends, with prime home prices rising 23 per cent on average over the past five years. The surge is being driven by year-round demand, flexible working lifestyles, and a growing appetite for permanent mountain living.The Knight Frank Alpine Property Index recorded 3.3 per cent annual growth, led by Andermatt (+14.6 per cent), Davos (+10 per cent), and Cortina d’Ampezzo (+10 per cent), underscoring the region’s resilience and enduring international appeal...

Hindustan Zinc Partners with BecomingX for the World’s Deepest Marathon

Hindustan Zinc the world’s largest integrated zinc producer and one of the top five global silver producers, has announced its partnership with BecomingX for the World’s Deepest Marathon, an unprecedented endurance event set 1,120 metres below the Earth’s surface at Boliden’s Garpenberg zinc mine in Sweden.Taking place on October 25, the marathon will feature 60 runners from 18 countries — including CEOs, mining leaders, charity workers, and first-time marathoners — all uniting to raise $1 million for charity. Hindustan Zinc’s CEO, Arun Misra, and COO, Kishore S will represent th..

Bridgestone India Honours Changemakers at Mobility Impact Awards 2025

Bridgestone India announced the winners of the 5th edition of its Mobility Social Impact Awards (MSIA) 2025, celebrating organisations that have leveraged mobility as a catalyst for social transformation. The award ceremony, held in Pune, brought together industry leaders, policymakers, and social innovators dedicated to advancing inclusive and sustainable mobility solutions.The awards were presented across two categories — Empowerment of Vulnerable Communities and Road Safety Innovation and Excellence — and felicitated by Dr. Girish Kulkarni, noted social worker and Founder of Snehalaya.�..