Nitin Gupta, Sr Vice President, Sales, Marketing and CRM, Mantra Properties on Maharashtra Cabinet approved proposal to cut real estate premiums
"With reduced stamp duty charges and now this rationale move by the government brings in great relief to the developers wherein ever increasing costs of construction can be offset to an extent. The environment today with low interest rates, reduced stamp duty was pushing the demand for homes and with the reduction in premium charges, we've got a catalyst introduced to help the sector grow."