Poddar Developers waives off stamp duty and registration charges


West India focused Poddar Developers said it will pay stamp duty and registration charges on behalf of their customers in this festive season in a move that will translate to a saving of 5-6% for the buyers.

The offer is available on three affordable housing projects – Poddar Evergreen in Badlapur, Poddar Aspire in Kalyan and Poddar Navjeevan in Atgaon. The locations close to Mumbai and are served by local trains.

“These apartments are built with the best branded fittings, modern amenities like club house, cricket pitch, gardens etc. Further enhancing the life of the residents Poddar Evergreen the largest integrated township project in Badlapur includes Poddar Brio International School which is under the CBSC board, a health center and retail shops,” the company said.

Real estate companies are facing a glut of inventory, especially in big cities, and are resorting to various strategies such as holding ‘IPOs’, e-commerce and discounts to get the stocks moving.

Since the announcement of this scheme Poddar Developers have witnessed a 25% rise in sales, it said.

“Owning a home is a distant dream for many. With our projects we constantly strive to ensure better accessibility for an individual to buy a house,” said Rohit Poddar, Managing Director, Poddar Developer. “This scheme is just an attempt to enhance their standard of living, allowing them to save significant amount of money that could be used to meet other necessities.”

Poddar Developers Ltd. (PDL) is a Bombay Stock Exchange listed Public Limited Company promoted by the Poddar family of The Poddar Group.