Maharashtra hikes property rates: What 3.9% RR rate increase means for you

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Maharashtra hikes property rates: What 3.9% RR rate increase means for you - Business Standard

Quick Summary:

The Maharashtra government has raised the Ready Reckoner rates by an average of 3.9% for the year 2025-26.

Notably, cities like Navi Mumbai, Thane, and Nashik will face steeper hikes, reaching up to 10.17%. Although the average rise in the state remains 3.89%, it is 5.95% in urban areas governed by municipal corporations.It is just 3.39% in Mumbai, the second lowest after Nanded.

Furthermore, ready reckoner revised at an average 5 per cent across the state of Maharashtra will drive up the property cost and indeed hurt the affordable housing segment.