The hike in the ready reckoner rates, stamp duty, the one per cent metro cess and the increase in the price of raw materials like cement and steel and the resultant rise in home prices – none of these factors have failed to deter buyers, as is evident from the number of registrations recorded in the first 16 days of April. As per the department of registration and stamps, Government of Maharashtra, nearly 5,995 conveyance (sale) registrations had been recorded till April 16 this year. Last year, conveyance sale deeds for 10,000 homes were recorded in April because of the concession in stamp duty then in effect. On average, conveyance sales for 5,000 to 7,000 homes were recorded at the same time, for the period of 2014-2021.
Source: Free Press Journal
