INVESTMENT WORLD: Stamp of approval in realty.

from BUSINESS LINE, June 07, 2009 In February, the Karnataka Government decided to reduce the stamp duty from 7.5 per cent to 6 per cent, one of the first steps aimed at giving a thrust to the real-estate sector. The reduction has now been extended to new flats too. Also, the State Government has reduced the infrastructure cess and surcharge fees, which would bring down registration charges from 9.4 per cent to 7.72 per cent in the urban areas.

What do these moves signal for the sector? With capital values declining, developers willing to offer discounts and the decreased registration cost, the current times are good for end-users to purchase properties, says Mr Sandeep …