He stated that the notification would be out very shortly. “Modalities will be notified very shortly by the Finance Department. It may notify the same in a day or two,” Gupta added.
To boost real time investment, the J&K government had recently announced a lucrative rebate vis-a-vis stamp duty. The Administrative Council led by the Lieutenant Governor Manoj Sinha, in its decision on February 25, had approved the remission of 50 percent stamp duty for all first time buyers of real estate in the housing sector for a period of two years.
