Summary:
“Even a 2% stamp duty on a Rs 50 lakh transaction is that much money for the agency. Ranging from Rs 1 lakh, deals could touch Rs 53.5 lakh in central slums with good amenities.“All transactions take place before community elders, property brokers and lawyers. In these cases, the buyer takes on all the risk, as the documents may or may not hold water. Ordinarily, these transactions sign away all rights, present and potential (in the event of the slum being notified), to the buyer, without exception. Since we can only draw on anecdotal evidence for now, there is also a direct impact on human development indicators upon rehabilitation,” she said..