Construction Industry News
Buying properties in Delhi will get expensive as the Municipal Corporation of Delhi (MCD) has decided to hike the transfer duty by 1% on properties priced above Rs 25 lakh.
Officials told the media that after the price hike, the transfer duty would be 4% for men and 3% for women buyers.
It aims to improve the financial health of the municipality, which has been hit severely due to the Covid-19 pandemic.
It had been the first major decision after the three civic bodies north, east, and south, unified last month.
It was decided in a meeting with a proposal to increase the transfer duty by 1%.
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