Real Estate Shares Rally After Maharashtra Government Slashes Stamp Duty

Shares of real estate companies rallied after the Maharashtra government slashed stamp duty on real estate transactions by 3 per cent until December 2020 in a bid to revive the flagging real estate market, which has been hit hard by the Covid-19 pandemic. Following the Maharashtra government's move, the gauge of real estate companies on the National Stock Exchange - Nifty Realty index - surged as much as 8 per cent led by DLF's over ...