[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
Kolkata Metropolitan Area (KMA) or Greater Kolkata’s real estate market has received a major
boost ever since the West Bengal state government announced a 2% rebate on stamp duty for
registration of all documents (except the documents of amalgamation of contiguous land) in its
state budget in July 2021, said Knight Frank, in its latest report.
The stamp duty cut for documents which complete registration between 9th July 2021 to 30th
October 2021. Coupled with a 10% reduction in circle rates, the fence sitters are now getting
back to the market to seal the deals.
Buoyed by the stamp duty cut announcement, 6,861 units were sold in Kolkata’s primary
residential market in Q3 2021, the report mentioned.
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Have a nice day