Nagpur New Hub: ₹637 Cr Stamp Duty Waiver Speeds Up Deals
The state has waived stamp duty worth ₹637 crore to fast‑track the ₹11,300‑crore New Nagpur master plan. This move aims to accelerate land transactions and spur growth along the city’s outer corridors.
Key points at a glance
- •₹11,300 crore master plan cleared for New Nagpur, covering residential, commercial and infrastructure zones.
- •Stamp duty exemption of ₹637 crore announced to lower transaction costs for buyers and developers.
- •Waiver applies to land parcels within the designated outer‑corridor growth belt.
- •Goal is to attract ₹5,000 crore+ private investment within the next 24 months.
- •RERA‑registered projects will benefit from faster approvals under the new policy.
Project Scale
₹11,300 crore master plan spans 2,500 hectares, targeting 1.2 million sq ft of mixed‑use development by 2030.
Location
New Nagpur hub lies along the Nagpur‑Aurangabad outer corridor, covering areas like Hingna, Wardha and Kamtee.
Regulatory Relief
Stamp duty waiver of ₹637 crore effective immediately; applies to registrations completed within 18 months of plan notification.
Want more detail?
What actually happened?
The Maharashtra cabinet cleared a ₹11,300‑crore master plan to develop New Nagpur as a mixed‑use growth centre.
Simultaneously, it approved a stamp duty remission of ₹637 crore to encourage faster land registration.
- Total outlay: ₹11,300 crore
- Stamp duty waiver: ₹637 crore
- Area: ~2,500 hectares
What it means for buyers
Buyers will see lower upfront costs as stamp duty is waived, making plots and apartments more affordable.
The incentive is expected to quicken sales and reduce holding periods for developers.
- Savings up to 6 % on property value for transactions under the waiver
What to watch next
Authorities will monitor registration data to gauge the waiver’s impact over the next quarters.
Infrastructure tenders for roads, water and power are slated for release by Q1 2026.
- Registration tracker launch: Oct 2025
- First tender bundle: Jan 2026
More stories for you
Real Estate Nagpur
Nagpur’s Kachipura Eviction: 56 Shops Get 15‑Day MRTP Notices
Real Estate Nagpur
Godrej Acquires 75‑Acres Near Nagpur’s MIHAN – Big Opportunity
Real Estate Nagpur
Nagpur Property Growth Spotlight
Real Estate Nagpur
Nagpur's New Hub: Maharashtra Waives Rs 637 Cr Stamp Duty
Real Estate Nagpur
Nagpur's ₹1,200 Crore MIHAN Hub Gets VIPL Nod
Real Estate Nagpur
AFC Expands in Nagpur & Pune Industrial Hubs
Real Estate Nagpur
Nagpur Luxury Market Boosted by Liases Foras Alpha Index Launch
Real Estate Nagpur
