“The stamp duty waiver on various affordable and luxury residential projects by real estate developers of Maharashtra’s NAREDCO is an encouraging step for reviving residential sales. In effect, the time-bound nature of move would speed up the buying-decision of the fence-sitters which would translate into faster turnaround time for sector’s recovery. Additionally, this would reduce the burden of unsold inventory for developers. Interestingly, the timing of this move could not be better as it comes closely after a sizeable reduction in the repo rates. The reduced borrowing costs coupled with negligible transaction cost and discounts offered by developers creates a great opportunity for serious buyers to make a purchase. The timing is also perfect as it might provide the much-anticipated fillip during the onset of the festive season.”