With the reduction that came into effect in August 2020, the state brought down the stamp duty on property registrations from 5% to 2% till December 31, 2020. After this period, buyers will pay 3% as the stamp duty on property registrations between January 1 and March 31, 2021.
Besides filmstars, cricketers too bought premium properties in Mumbai to cash in on the stamp duty cut
Properties worth Rs 34,000 crore were sold in Mumbai alone, many of them in the luxury segment, in December 2020.
The stamp duty cut by the Maharashtra government, low-interest rates, discounts offered by developers and the COVID-19 induced price correction has seen the Mumbai registrar’s coffers swell as homebuyers, including actors, actresses, bankers, brokers, and industrialists made the most of the opportunity and came forward to buy a property.
Bollywood stars have also registered new apartments taking advantage of the stamp duty cut in Maharashtra. List Of Celebrities who purchased the properties recently
Janhvi Kapoor
Janhvi Kapoor bought a property worth Rs 39 crore at Juhu in Mumbai, Kapoor, 23, the daughter of the late actor Sridevi and film producer Boney Kapoor, took a home loan of Rs 23 crore from a bank to buy the property, showed the registration and loan documents Moneycontrol reviewed.
Karisma Kapoor
Entertainer Karisma Kapoor sells Mumbai condo for Rs 10.11 crore,Kapoor, who was the lead entertainer in films, for example, Raja Hindustani and Dil To Pagal Hai, sold a tenth floor condo in Mumbai’s Khar zone. The offer of the 1610 sq ft loft was enrolled on December 24. The Kapoors paid a stamp obligation of Rs 20.22 lakh
Bhushan Kumar & Divya Khosala Kumar
In August 2020, Bhushan Kumar of T-Series popularity purchased a Rs 167.5 crore estate situated in Vasanta Theosophical Cooperative Housing Society Limited, Juhu. The unit is spread across 6710 sq ft. He paid a stamp obligation of Rs 8.37 crore to enroll the property.
Alia Bhatt
In November 2020, entertainer Alia Bhatt had purchased a 2,460 sq ft condo situated on the fifth floor in Bandra’s Pali Hill Vastu working for Rs 32 crore. Curiously, the unit is situated in a similar complex where her entertainer beau Ranbir Kapoor has a house on the seventh floor
Parineeti Chopra
September 2020, entertainer Parineeti Chopra sold her two pads in Quantum Building, Union Park, Bandra apparently for Rs 13.50 crore. The level is spread across a zone of 1725 sq ft and situated on the 6th floor of the structure. She had apparently procured the pads in 2014.
Hrithik Roshan
In October 2020, entertainer Hrithik Roshan purchased two condos, spread across three stories, worth Rs 100 crore in Mumbai’s Juhu-Versova Link Road. It had a private lift and 10 stopping spaces.
Arshad Warsi
Entertainer, maker and artist Arshad Warsi purchased a sumptuous, Portuguese manor in Goa. As indicated by the news reports, Warsi purchased the house during the lockdown. The house is a legacy property worked in 1875
R Balki
Movie producer and screenwriter R Balki, purchased two pads worth Rs 24 crore in Bandra in March 2020 spread across 2400 sq ft each. The per sq pace of the unit was near Rs 1 lakh for each sq ft. The units are situated in Writers Residences project in Almeida Park, which is a rich area in Mumbai. The whole structure is possessed by advertisers PN Writer and Company Private Limited who have sold just these two condos.
Zaheer Khan
Indian cricketer Zaheer Khan purchases property in Mumbai for Rs 11.5 crore
Shreyas Iyer
Shreyas Iyer purchased a unit in Lodha World Crest, Mumbai in September 2020. The condo spread more than 2,618 sq ft at the World Towers is situated in Lower Parel and was purchased for ₹11.85