Maharashtra Reduces Stamp Duty to ₹1,000 for Senior Homebuyers

The government in Maharashtra, India, has made it cheaper for senior citizens to buy homes meant for retirement.

They've reduced the stamp duty, which is a kind of tax when you buy property, to a flat amount of ₹1,000.

This change aims to make it easier for older people to afford these homes.

Experts think this will help the retirement home industry grow because more people will be able to buy homes designed for seniors, who need safe and comfortable living spaces.

Both people buying homes and developers building them are expected to benefit.