It is not only the real estate industry that has been negatively impacted by the COVID-19; other industries have also been negatively impacted. The blow that was dealt by the COVID epidemic is quite significant, and it will take some time to recover from the excess you have experienced. For the purpose of assisting homebuyers in purchasing houses during the epidemic, the government of Maharashtra has decided to decrease the stamp tax that is applied to real estate transactions. On August 26, the government of Maharashtra made the decision to temporarily cut the stamp duty that is imposed on housing units. This decision is hugely supportive of the real estate industry and will help improve the real estate market, which has been stagnating. The decision was made at the meeting of the state cabinet that took place on August 26. A significant amount of assistance is provided to the real estate industry in order to entice prospective purchasers to acquire homes during the epidemic. Initially, it is essential to have a thorough understanding of the RERA registration procedure of RERA registration. Please ensure that all of the necessary paperwork and information are uploaded to the RERA registration online page. For information on how to get the RERA registration number, please talk with our business counselor. The papers and information that have been submitted will be checked for their authenticity by our expert. • Once confirmation has been received, go online and pay the registration costs for the RERA. • The application will be prepared and submitted by our expert with the authorization authorized by the relevant jurisdiction. advantageous aspects for the real estate industry In addition to providing purchasers with the opportunity to make a choice to acquire a house, it will also offer buyers with an incentive to buy homes. The reduction in the cost of stamp duty is likely to be of assistance to first-time homebuyers as well as buyers of resale flats who are interested in investing in real estate. This will help to boost the real estate market during this holiday season. Additionally, this will assist the government in generating revenue as it is anticipated that the number of property registrations will increase. In addition, the primary objective of the government is to encourage those who are interested in purchasing homes to do so during the epidemic. Increase your knowledge of ways to lower the stamp duty on real estate.
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