Ashish Puravankara, Managing Director, Puravankara Limited
“The Government of Karnataka’s decision to extend the reduced guidance value scheme across the state by 10 percent for an additional three months will positively affect the real estate market. The decreased Ready Reckoner Rate will likely encourage more home buyers to enter the market. This will also benefit the larger industry, with inventories being sold off steadily. This welcome move by the government will benefit the customers. The 10% reduction from the guidance value will enable the homebuyers to save 5% on stamp duty.” – Ashish Puravankara, Managing Director, Puravankara Limited
