Maharashtra slashes stamp duty to ₹1,000 for senior citizens on retirement homes

This major reform removes a key financial hurdle for elderly homebuyers, especially as property costs continue to rise across the state.

Industry leaders have welcomed the decision, calling it a step in the right direction.
“Maharashtra’s decision to reduce stamp duty to a flat ₹1,000 for senior citizens is a landmark step toward inclusive housing,” said Aksha Kamboj, Executive Chairperson, Aspect Global Ventures.
“It not only lowers the financial entry barrier for the elderly but also encourages developers to prioritise senior living communities,” he said.

Experts believe this policy could drive growth in the senior living sector, long considered underdeveloped in India.

With an ageing population and growing demand for secure, age-friendly spaces, the move aligns with India’s shifting demographic needs.

“This offer not only makes retirement homes more affordable but also pushes developers to invest in premium living, tailored for seniors,” said Dhiren Tharwani, Director, Tharwani Realty.

“It’s a big boost that taps into the increasing need for safe, gated community living areas for seniors,” he said.

Both developers and buyers are expected to benefit from the new stamp duty regime.