Kolkata / Siliguri: Chairman of the Minister of Mamata Banerjee on Tuesday announced a further extension of Custom Cap and Circle Rate SOP for home buyers for two months.
CM said during the administrative meeting in North Bengal that this SOP will be extended for two months until December 31.
2% reduction in stamp duty and 10% discount at the initial circle level offered for a limited period until October 30 by the state government as part of budget soup this year.
This has caused a surge in 75% in Kolkata in the quarter ending in September during the same period last year.
West Bengal Credai, APEX Body for Real Estate Developers, and Credit Bengal Previously written to the State Government, seeking extension of SOP.
President of West Bengal Credit, Sushil Mohta, welcomed moving by saying that it would bring more income to the Coffee Country and would be a big assistance for home buyers.
“This will also provide a big boost for the real estate industry.
We have asked for expansion and we really thank CM for this,” he said.
National President of Credai H V Patodia also welcomed moving and said it was a good step for the real estate industry.
The group chairman Ambuja Neotia, who is hard to neotia, said, “The registration process is clogged with many people rushing for it.
For the industry, CM announcements are a big relief,” he added.
Bengal President Credai Nandu Belani said recently that the response to stamp duty and the reduction in the level of the circle had been extraordinary.
An international property consultant, in the July-September report for 2021, has highlighted a surge in 75% in the sale of Kolkata housing.
Siddharth Pansari, Director, Primarc Group said, “The extension of registration with subsidized tariffs is a great progressive step by the government.
It will bring pleasure and happiness for thousands of families and very helpful for the real estate industry.”