Over 80 per cent potential homebuyers could think about shopping for a home if stamp responsibility is lowered by states, in line with a survey by realty portal Magicbricks.
The corporate performed a survey of round 1,500 individuals this month.
“An awesome 83 per cent of the respondents really feel {that a} reduce in stamp responsibility would immediate them to purchase a home, whereas 17 per cent really feel that it might don’t have any affect on their buying resolution,” Magicbricks stated in a press release.
Property registration and stamp responsibility costs vary between 5-9 per cent on a mean throughout the nation and add considerably to the general price of the property, it stated.
Sudhir Pai, CEO, Magicbricks stated: We have now witnessed a 114 per cent rise in housing gross sales in Maharashtra throughout the interval of stamp responsibility cuts, between September 2020 and March 2021. However ever because the expiry of the stamp responsibility interval, we’re seeing a dip in gross sales.”
“With Work-For-House rising as the brand new regular, individuals are searching for larger measurement homes with an additional room and therefore the state governments ought to think about providing stamp responsibility holidays that might reduce the burden on homebuyers,” he added.
Magicbricks.com is owned by Magicbricks Realty Providers, which is a subsidiary of Occasions Web, the digital arm of the Occasions of India Group.
(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
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