A 50% stamp duty concession for land transactions under MMRDA’s Pen township project
MUMBAI: The Maharashtra Cabinet on Tuesday approved a 50 per cent concession in stamp duty for land transactions linked to the state’s first large-scale urban project being executed under a public-private partnership (PPP) model. The project will be implemented by the Mumbai Metropolitan Region Development Authority (MMRDA) and Raigad Pen Growth Centre Ltd in Pen taluka. This move will promote investment and generate employment opportunities, the Chief Minister’s Office (CMO) stated. Chief Minister Devendra Fadnavis chaired the meeting of the council of ministers, it said. The stamp duty payment concession applies to land agreements required for the integrated township project…