Damani, Big B, Raheja: Ultra-rich go realty shopping in Maharashtra

The state government cut stamp duty to three per cent from five per cent up to December 31 last year and to two per cent up to March 31 this year

The pandemic notwithstanding, Bollywood A listers to business tycoons and CXOs — the ultra-rich — have made use of stamp duty cuts available till March 31 in Maharashtra this year and bought luxury properties.
 
The prolonged work from home (WFH) and softness in prices also added to the frenzy, said analysts and consultants in real estate.
 
Big-ticket properties worth Rs 2,269 crore have been bought by bigwigs of Hindi cinema like Amitabh Bachchan, Hrithik Roshan, stock market icon RK Damani and the Raheja family, among others, in the county's financial capital. This is owing mainly to the stamp