The Maharashtra government cut stamp duty from 5% to 2% for some time. In any case, this is not enough for expensive things, for example, to buy a house, especially in the subway, according to experts. For unsold stocks to decrease seriously, the limits should be reached unmistakably after the happy season.
“Within the residential segment, the demand for ready-to-move-in properties is higher than those under construction. In the current scenario, customers would want to minimize completion risk, so developers should tap in on this. They should extend discounts for two-three more quarters after the September quarter. Of course, there will be some impact on margins because of the discounts, but dealing with that is better than sitting on huge unsold inventory. High unsold inventory will weigh on new launches and the Street does not like a clouded outlook on that front,” said an inspector with a local commercial building and mentioned the darkness.