Real Estate India

Maharashtra Cuts Stamp Duty to 1% for Affordable Homes

By GeoSquare News Desk · Published 2026-11-08

In a significant move to stimulate the affordable housing segment, the Maharashtra government has reduced stamp duty from 2% to 1% for properties valued up to ₹50 lakh. The decision is expected to provide a much-needed impetus to first-time homebuyers and investors eyeing budget-friendly options in the state's key urban centres.

Impact on Mumbai and Pune

Real estate experts believe this reduction will accelerate sales in the peripheral regions of Mumbai and Pune, where most affordable projects are concentrated. Areas like Panvel, Dombivli, and Ambernath in Mumbai, along with Pimpri-Chinchwad and Hinjewadi in Pune, are likely to witness increased traction.

Who Benefits?

The cut directly lowers the upfront cost for buyers, making homeownership more accessible. For a property worth ₹50 lakh, the savings amount to ₹50,000, which can be significant for middle-income families. Developers also stand to gain as reduced transaction costs often lead to faster inventory clearance.

Market Outlook

This policy aligns with the state's broader goal of promoting affordable housing under Pradhan Mantri Awas Yojana (PMAY). With stamp duty now at a historic low, industry analysts predict a surge in registrations in the coming quarters, particularly in the affordable and mid-income segments.