India, July 23 -- The Uttar Pradesh cabinet has approved a proposal to extend the 1% stamp duty exemption for women buying property worth up to Rs.1 crore. Earlier, this exemption, capped at Rs.10,000, was applicable only for properties valued up to Rs.10 lakh. With the revised limit, women buyers can now avail up to Rs.1 lakh in stamp duty rebate.

Real estate experts have welcomed the move, noting that it offers greater financial security to women and is likely to boost interest in the mid-range housing segment across cities. "This step may encourage more buyers to register properties under women's names," an expert said.

However, some believe the Rs.1 crore cap is still restrictive, especially in high-value markets like Noida and its ...