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News Updates

27 Oct21

West Bengal extends stamp duty and circle rate sops for two months

KOLKATA/ SILIGURI: Chief minister Mamata Banerjee on Tuesday announced further extension of stamp duty and circle rate sops for home buyers for two months. The CM said during the administrative meeting in north Bengal that these sops will be extended for two months till December 31. The 2% reduction in stamp duty and 10% cut in circle rates were initially offered for a limited period up to October 30 by the state government as part of this year’s budget sops. This has led to a 75% spike

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19 Oct21

Stamp duty rebate gives big boost to Greater Kolkata’s real estate market

Kolkata Metropolitan Area (KMA) or Greater Kolkata’s real estate market has entered a major help ever since the West Bengal state government announced a 2 rebate on stamp duty for enrollment of all documents in its state finances in July 2021, stated Knight Frank, in its newest report. The stamp duty cut for documents which complete registration between 9th July 2021 to 30th October 2021. Coupled with a 10% discount in circle charges, the fence sitters are actually getting again to the

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02 Oct21

Builders to gain as Centre okays Coastal Zone Management Plan for Mumbai

MUMBAI: After more than a decade, the Coastal Zone Management Plan (CZMP) for Greater Mumbai has finally been approved by the Union environment ministry. This will set the stage for towering structures near the underpinning as originators can now take two-and-a-half times the construction rights on similar plots. Earlier, construction was limited because of their proximity (500m 500m) to the coast under Coastal Regulation Zone (CRZ ) II. Official sources said the very charts are hoped to be

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