Share price for real estate companies fall
After it is reported that the state government of Maharashtra might increase the stamp duty for the residential and commercial properties, the share price for the real estate companies fall.
Analyst says that the planning to increase the stamp duty will impact on the sentiment of investors a well as a negative impact will happen on the demand of apartments in Mumbai region.
After the union budget 2012, a rise in the construction material cost will happen. Hence both will have direct impact on the construction cost as well as purchasing cost.
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Source : Economic Times
cost of real estate properties, Investors, real estate in share market, residential and commercial properties, Share price if real estate, Stamp duty, state government of Maharashtra, Union Budget 2012
