At its annual conference, NAREDCO President G. Hari Babu stated stamp obligation must be minimize to 1% for ladies and three% for males, in comparison with the present 5–10% throughout states.
Realtors physique NAREDCO has urged state governments to cut back stamp obligation on registration of reasonably priced properties priced as much as Rs 45 lakh per unit to spice up demand and provide of low-cost flats.
Addressing NAREDCO’s annual conference right here, the affiliation’s president G Hari Babu identified that gross sales and launches of flats, every costing as much as Rs 45 lakh, have declined due to rising prices of land and building.
“States ought to convey down the stamp obligation on registration of reasonably priced properties to 1 per cent for ladies and three per cent for males,” he informed PTI.
Rising prices curb gross sales, slum redevelopment advised
The president stated that the stamp obligation at current is between 5 per cent and 10 per cent throughout states.
Hari Babu additionally advised that states ought to give attention to slum redevelopment to spice up the provision of reasonably priced housing.
Hiranandani flags decline in reasonably priced housing launches
NAREDCO Chairman Niranjan Hiranandani too expressed concern over the decline in launches and gross sales within the reasonably priced housing class.
NAREDCO and actual property marketing consultant Knight Frank India launched a report, ‘Inexpensive Housing: Tackling City Housing Deficit By Provide-Facet Reforms’, which identified important provide challenges in India’s reasonably priced housing sector.
Report exhibits sharp drop in launch-to-sales ratio since 2019
The report talked about that the ratio of launches of reasonably priced properties to gross sales of housing models costing as much as Rs 50 lakh throughout the highest eight cities has plummeted to 0.36 in 2025 (till June), from 1.05 in 2019 and 1.30 in 2020.
These eight cities are Bengaluru, Delhi-NCR, Mumbai Metropolitan Area (MMR), Pune, Kolkata, Hyderabad, Chennai and Ahmedabad.
Hari Babu stated the report has underlined the size of India’s reasonably priced housing problem – a deficit of 9.4 million models that would rise to 30 million models by 2030.
Printed on August 30, 2025