Property registration and stamp duty charges range between 5% -9% in overall the country created a lot of hindrances while buying a property but now the government has reduced and given a chance to the home buyers to have their dream home according to their need.
The outbreak of pandemic in 2020 has impacted a lot in the real estate sector, almost the construction work got stopped still the demands for homes got escalated among home buyers and the big reason behind this was the culture of WFH has started.
From that point, home buyers demanded for a bigger home where they can create their own working environment and can work peacefully. In those tough times, the rise of homes was high but due to higher stamp duty charges home step back to their home buying decision.
And looking to this the state government take a step to reduce stamp duty charges slab by slab holidays which lessened the burden on homebuyers.
Similarly, to boost the real estate sector in the capital city Delhi Government slashed the circle by 20 % to reduce the stamp duty the financial burden in the pandemic times, on people. To boost real estate sales these steps are taken.
Thus, it is wise to book your dream property now and if you are seeking a property then choose a reputed builder. Because you will get the benefits in premium, luxury and super–luxury apartments too. So use the opportunity and give firm to your home buying decision.
Right now DLF Ltd. is quite famous for its superb developments in Delhi and their recent development DLF One Midtown is the best instance of it.
Walkthrough of the project
- Sprawled over 6.7 acres
- 2, 3 and 4 BHK apartments
- Offering luxury 950 units
- Well–appointed with upscale amenities
- Maximum open space & green space are outlined
