Rental apartments in Mumbai will be more costly
With the proposed rise in the stamp duty for leave and license agreement in Maharashtra, the cost of rented apartments in Mumbai will increase.
The government has increased the rate of stamp duty from 0.1 % to 1% for the current financial year.
According to the real estate analyst, this decision will impact the rental market of the state.
The tenants would prefer to rent a house rather than property leasing, as in leasing the cost of ownership is higher.
As the rental prices are increasing in and around Mumbai, tenants will have to pay more in terms of rent amount as well as agreement fees.
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Prices raising high for property on rent
Source : The Hindu Businessline
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[...] Rental apartments in Mumbai will be more costly [...]
[...] Rental apartments in Mumbai will be more costly [...]
[...] Rental apartments in Mumbai will be more costly [...]