By maintaining RR rates at existing levels, the government has offered a much-needed breather to both developers and homebuyers, as it directly impacts property valuations and stamp duty outflows. The move, reportedly taken after considering recommendations from Confederation of Real Estate Developers’ Associations of India, is expected to support demand sentiment, improve affordability, and ensure continued traction in Maharashtra’s real estate market.
Real estate developers welcomed the Maharashtra Government’s decision to keep the ready reckoner rates unchanged.
“The decision by the State government to maintain status quo on Ready Reckoner rates is both timely and pragmatic. In a market already navigating global uncertainties and input cost pressures, this move will help sustain demand momentum and provide much-needed stability to the sector. It also reflects the government’s responsiveness to industry concerns and its intent to support housing affordability and overall market sentiment.”
Mr. Kamlesh Thakur, Co-Founder & Managing Director, Srishti Group
“The government’s decision to keep Ready Reckoner rates unchanged is a welcome and timely move for the real estate sector. At a time when construction costs continue to rise, maintaining the existing RR rates helps avoid additional financial strain on developers. More importantly, it preserves affordability for end-users, which remains critical to sustaining housing demand and supporting overall market momentum.”
Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory
“Keeping Ready Reckoner rates unchanged for the upcoming financial year is a significant relief for both homebuyers and developers. Any upward revision at this juncture could have impacted transaction volumes, especially in a price-sensitive market like Mumbai. This decision will help maintain pricing equilibrium and encourage fence-sitters to move forward with their purchase decisions.”
Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers
“This is a progressive and industry-friendly decision by the state government. Stable Ready Reckoner rates will help maintain confidence among homebuyers and investors alike, particularly at a time when global headwinds are influencing economic sentiment. It will also aid developers in better planning and pricing of projects without the added uncertainty of increased statutory costs.”
