New Delhi, March 17 -- Undoubtedly, the stamp duty cut announcement by the Maharashtra Government has proved to be a game changer in reviving the real estate sector in the state. The results of this slash were seen immediately with Mumbai recording registrations that increased significantly whereas Pune's property market too witnessed healthy green shoots which brightened the scope for increased real estate sales in the last couple of quarters. The recovery of pent up property demand coupled with proactive government measures like lowering of stamp duty have been the main reasons for the cities bullish sales.
Mr. Ashok Mohanani, President, NAREDCO Maharashtra opines, "The city's real estate market has bounced back from the brief slump with...