Stable RR Rates Expected to Support Real Estate Momentum in Maharashtra

The Maharashtra government’s decision to keep Ready Reckoner rates unchanged for the new financial year is expected to provide stability to the state’s real estate market.

The decision comes despite proposals for an increase from all districts. According to Revenue Minister Chandrashekhar Bawankule, the move was taken keeping in mind the current global situation, the slowdown in the construction sector, and suggestions received from industry stakeholders.

RR rates were increased by an average of 3.9% for 2025 to 2026, while the state was able to achieve nearly 95% of its full revenue target. The last major increase was in 2022 to 2023, when RR rates were raised by 5%.

Ready Reckoner rates act as a key benchmark for property valuation and stamp duty calculation. By keeping rates stable, the government has helped maintain affordability and confidence, especially for homebuyers in the mid-income and affordable housing segments.

The decision is also expected to support transaction volumes, as pricing stability often improves buyer sentiment and encourages market activity. For developers, unchanged rates offer a more predictable environment for planning, pricing, and sales strategy.

However, changes will apply in areas where Development Plans have been approved or revised. In such cases, residential rates will come into effect, leading to changes in valuation zones across 10 districts and one corporation area. In the PMRDA region, where the Development Plan has been scrapped, earlier rates will continue as the regional plan remains in place.

From a real estate advisory lens, this is a positive policy signal. Stable RR rates can support demand, improve market confidence, and help sustain momentum across Maharashtra’s residential and commercial real estate sectors.

Source: The Times of India.