Mumbai: Starting October 1, 2024, a 1% TDS will be applied on the purchase price or stamp duty value (whichever is higher) of immovable property worth over INR 50 lakhs, even with multiple purchasers or sellers, per Budget 2024.

As a result of the announcement of multiple new real estate projects in Mumbai in recent months, homebuyers in the Mumbai Metropolitan Area are experiencing an upbeat mood.