Key Points
In a move that could bring relief to homebuyers, the Maharashtra government just before the auspicious Gudi Padwa, has decided to keep the ready reckoner (RR) rates in the state for FY 2024-25 unchanged..
This means that home buyers will not see any increase in property prices due to ready reckoner rates for a year.o)..
The state government announced on March 31 that the ready reckoner rates will remain unchanged for the financial year 2024-2025..
Domnic Romell, president of CREDAI-MCHI, the apex body of real estate sector of Mumbai Metropolitan Region (MMR), said that the move will provide relief to homebuyers, home seekers, and the real estate sector at large..
The latest ANAROCK data shows that Pune and MMR - the two major Maharashtrian real estate markets - together accounted for 51% of the total housing sales..
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