Comment| Unified MCD decides to increase transfer duty by 1% on purchase of properties priced above Rs 25 lakh in Delhi

 Ashutosh Kashyap, Director, Advisory Services, Colliers India

"The proposed increase in the transfer charges, will increase the incidence of transaction cost on transfer cases. This move would imply an additional landed cost for secondary purchase. This move will marginally add to the lucrativeness of property purchases in the primary market from the developer, which might slightly sweeten the purchase in the primary market.

On the other hand, the money collected on account will imply better funds with Urban local bodies to undertake betterment of infrastructure and civic services within the city."