AMCCIE Urges Maharashtra to Slash Stamp Duty and Boost Real Estate in Upcoming Budget

The Agrawal Marwadi Chamber of Commerce, Industries and Education (AMCCIE) has taken a firm stance on the upcoming Maharashtra budget, urging the government to implement concrete, result-oriented, and time-bound reforms. The budget, scheduled to be presented on March 6, 2026, is seen as a critical opportunity to boost the state's economic and industrial prowess.

In a recent release, AMCCIE's office-bearers emphasized that Maharashtra, being the economic and industrial backbone of the country, requires decisive and policy-driven measures rather than routine announcements. National President Rajesh Agrawal stressed that the state needs rapid economic acceleration, not a phased approach. He highlighted that industries and investors are looking for clear and bold decisions from the government.

One of the key demands from AMCCIE is an immediate reduction of stamp duty to 2 per cent. The Chamber's National Vice President, Narendra Goyal, specifically called for a uniform 2 per cent stamp duty across the state. The existing high rates, they argue, are discouraging real estate transactions. A reduction in stamp duty would not only promote transparency but also enhance revenue collections, making the real estate market more attractive and accessible.

General Secretary Umesh Mandot underscored the need for a strict and accountable single-window clearance system for industries. He called for legally defined timelines and accountability for departments responsible for delays, which often hinder the smooth operation of businesses. This system would streamline the process, making it easier for investors to set up and operate in the state.

Senior researcher Kamalraj Bansal emphasized the importance of affordable and uninterrupted 24-hour power supply to industries. He stressed that competitive electricity rates are essential to attract and retain industries. Higher tariffs than those in other industrial states could drive businesses away, negatively impacting the state's economy.

National Advisor of the Chamber, Bhimsain Agrawal, proposed the implementation of simplified and integrated compliance systems, along with interest subsidies and financial incentives for Micro, Small, and Medium Enterprises (MSMEs). He also urged strong policy support for manufacturing, exports, electric vehicles, green energy, and cluster development. These measures would not only boost the manufacturing sector but also contribute to the state's sustainable growth.

Bhimsain Agrawal further called for large-scale investment in infrastructure, including roads, metro networks, ports, and logistics. He emphasized the need for special encouragement to agro-processing, rural industrialization, industry-linked skill development, and dedicated policy support for startups and innovation. These initiatives would create a conducive environment for businesses to thrive and contribute to the state's economic development.

In summary, AMCCIE's recommendations aim to create a robust and supportive business environment in Maharashtra. By addressing key issues such as stamp duty, power supply, and infrastructure, the state can attract more investments, promote transparency, and drive economic growth. The upcoming budget is a crucial opportunity to implement these reforms and secure a prosperous future for Maharashtra.