Property prices in Mumbai going up by 10-15 per cent due to the increase in stamp duties (“Maha realty to cost more with new ready reckoner”, Jan 2) is opportunistic. Property prices form just a fraction of the cost of any high-rise, so the real impact of the stamp duty hike is much smaller. If builders raise prices that much, they will find demand shrinking again.
Sanjay Singh, Noida